How To Trade Bitcoin Ahead Of Tomorrow’s CPI Release? Analysts Weigh In
The Bitcoin price has risen above $30,000 for the first time since June 2022, continuing the uptrend that began earlier this year. After the price last struggled with resistance at $28,600 on the 1-day chart for over three weeks, the explosive breakout occurred yesterday while both traditional markets and gold remained flat. However, as Bitcoinist reported in this week’s macro preview, tomorrow is the most important day of the week, if not the month. Wednesday, April 12, the US Consumer Price Index (CPI) for March will be released at 8:30 am EST. A few hours later, at 2:00 pm EST,....
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Although Bitcoin (BTC) continues to hold steady in the mid-$80,000 range, analysts are forecasting that significant volatility may be imminent for the leading cryptocurrency. That said, most analysts predict a potential price rally for the apex digital asset. Bitcoin Ready To Experience Significant Volatility In a CryptoQuant Quicktake post, contributor Mignolet highlighted that approximately 170,000 […]
The price of Bitcoin has been on a tear over the past seven days, returning between the $61,000 and $67,000 zone where it spent most of the second quarter. This positive run of form comes despite the FUD (fear, uncertainty, and doubt) due to speculations about Mt. Gox’s customer repayment. Interestingly, recent trading data have led QCP Capital, a prominent trading data, to suggest that Bitcoin might only be warming up for an even bigger price rally. According to the company’s analysts, the premier cryptocurrency looks primed for significant price growth ahead of the United States....
According to a recent post on X by crypto analyst Ali Martinez, Ethereum (ETH) may be heading to $1,250 as it risks breaking down from a parallel channel. However, other analysts suggest a trend reversal could be on the horizon for the second-largest cryptocurrency by market cap. Is Ethereum Heading Lower? Ethereum has been stuck […]
Bitcoin was trading below $20,000 on Friday, as markets prepared for the release of the latest U.S. nonfarm payrolls report. The token moved lower for the third consecutive session, as bearish sentiment returned to markets. Ethereum continued to consolidate ahead of this afternoon’s release.
Bitcoin
Bitcoin (BTC) was back below $20,000 on Friday, as traders continued to anticipate this afternoon’s nonfarm payrolls (NFP) report.
September’s payrolls are expected to come in at 250,000 jobs, with many believing that we could likely see the report....
Ethereum has seen a strong bounce since the September lows near $310. The coin now trades for $455, though peaked at $465 a few days ago. Technical trends show that the cryptocurrency will likely continue its ascent in the months ahead. Analysts are specifically eyeing a move toward $800, as that’s where macro resistance lies. Ethereum Technical Trends Suggest Growth Toward $800 Possible Ethereum has seen a strong bounce since the September lows near $310. […]