Will the Fed prevent BTC price from reaching $28K? — 5 things to know in Bitc...
Bitcoin prepares for what promises to be a tense week of rate hikes, earnings and more as BTC fails to reclaim crucial trendline. Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision.After sealing a successful weekly close — its highest since mid-June — BTC/USD is much more cautious as the Federal Reserve prepares to hike benchmark interest rates to fight inflation.While many hoped that the pair could exit its recent trading range and continue higher, the weight of the Fed is clearly visible as the week....
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Here's a look at what we are focusing on in the bitcoin price this morning. So it’s the start of a fresh week, and action over the weekend in the bitcoin price was pretty interesting. We’ve seen what amounts to pretty much sideways trading over the last week or so, and we were hoping that this sideways action would translate to some volatility once it unwound. As things turned out, that’s what happened. We saw a pretty steady decline into Friday evening, and then price rose a little throughout Saturday. Then, early Sunday morning, price jumped, and then did the same late Sunday evening.....
Dogecoin Price Key Highlights. Dogecoin price stayed in a range, but it looks like the price might head lower in the near term. Sellers are making an attempt to break the range low, if it is cleared more losses are likely. 0 Satoshis is a major support area, which must hold if buyers have to prevent the downside. Dogecoin price is at risk of a break lower, as buyers seem to be struggling to prevent the downside. Downside Break. The Dogecoin price stayed in a range throughout this past week, which prevented moves in one particular direction. However, it looks like sellers might be able to....
As expected, Bitcoin has ended its boring period over the weekend and things have taken an interesting turn as the price rose above strong resistance levels. Bitcoin has jumped 1.4% since Friday's observation to trade at $232.17, a level which is eagerly watched by all market participants. And technically, the current market conditions strongly favor the bulls. Technical analysis of the above presented 240-minute BTC/USD price chart conveys that bulls might eventually take the price higher to $245. Bitcoin Chart Structure - As can be seen from the chart above, consistent buying has pulled....
Here's a look at what we are focusing on in the bitcoin price this morning. It’s Monday morning, and a brand new week awaits in the bitcoin price. The last week or so was pretty interesting – things ramped up mid-week, and price carved out a few fresh highs. We also saw some temporary corrections, but none large enough to negate the upside momentum, and we closed out on Friday with what looked like a pretty good chance of reaching the 800 mark over the weekend. We noted, however, that the markets seemed to be slowing a little heading into Friday evening, and that this might be indicative....