Cryptocurrencies / Page 19

Crypto markets consolidate ahead of Jackson Hole – Cryptocurrency News

Posted on August 26, 2022 at 10:30 am GMT

Bitcoin and most altcoins have been trading within a tight range during the past week as crypto investors and markets are eagerly awaiting Jerome Powell’s speech at the Jackson Hole symposium on Friday. The Fed is expected to provide new clarity on the pace and timing of its monetary policy pathway as well as its latest outlook on inflation over the next few months. Therefore, as Bitcoin’s correlation with US equities remains high, any hawkish or dovish surprises could have [..]

Technical Analysis – BTCUSD regains ground after sharp drop

Posted on August 25, 2022 at 8:14 am GMT

BTCUSD (Bitcoin) has been experiencing a downside correction after its recent advance failed to jump above the 25,200 barrier. Although the cryptocurrency managed to find its feet and recoup some losses in the last few daily sessions, it is still trading beneath its 50-day simple moving average (SMA). The short-term oscillators currently suggest that bearish forces are in control. Specifically, the MACD histogram is currently below both zero and red signal line, while the RSI is hovering below its 50-neutral [..]

Technical Analysis – ETHUSD aims for recovery as 50-day SMA caps decline

Posted on August 24, 2022 at 1:50 pm GMT

ETHUSD (Ethereum) has been experiencing a downside correction after its short-term uptrend failed to cross above the 2,030 region. However, the cryptocurrency found strong support at its 50-day simple moving average (SMA) and is currently attempting to rebound. The momentum indicators suggest that bullish forces are gaining strength but risks remain tilted to the downside. Specifically, the stochastic oscillator is ascending after rebounding from the 20-oversold zone, while the RSI’s advance paused before reaching the 50-neutral mark. Should buying pressure intensify, [..]

Bitcoin retreats after hawkish FOMC minutes – Cryptocurrency News

Posted on August 18, 2022 at 1:35 pm GMT

In the last couple of months, Bitcoin and most major altcoins have been recovering from their 2022 bottoms, closely following the positive performance of stocks amid signs of inflation easing in the US. Nevertheless, this relief rally paused after the latest FOMC minutes provided no concrete signals around what’s next in the normalization cycle, leaving risky assets adrift. Hence, is this a temporary retracement or are crypto markets on the verge of a new decline? It’s all about the Fed In 2022, the myth that [..]

Technical Analysis – BTCUSD retraces after hitting 2-month high

Posted on August 18, 2022 at 8:01 am GMT

BTCUSD has been constantly gaining ground after its prolonged downtrend bottomed at the 2022 low of 17,588. However, in the last few daily sessions, the cryptocurrency has been experiencing a downside correction since its recent rebound failed to cross above the 25,200 region. This loss of positive momentum is also reflected by the short-term indicators. Specifically, the MACD histogram has dived beneath both zero and its red signal line, while the stochastic oscillator is sloping downwards after posting a bearish cross. Should [..]

Bitcoin gains on signs of inflation peak – Cryptocurrency News

Posted on August 11, 2022 at 3:28 pm GMT

Bitcoin and other major altcoins have bounced back from their 2022 lows and are currently extending their advance as the latest US CPI print reinforced expectations that the Fed could scale down its aggressive approach on monetary tightening later in the year. In other news, Ethereum’s outperformance against Bitcoin persists ahead of a landmark development for the former. Can the latest rebound in crypto markets last and put an end to the heavily discussed ‘crypto winter’? Crypto markets shine amid inflation easing On [..]

Technical Analysis – BTCUSD extends advance, eyeing $25,000 mark

Posted on August 11, 2022 at 10:05 am GMT

BTCUSD has been in a steady uptrend since it managed to halt its long-term decline at the 2022 low of 17,588. Even though the price is currently standing above its 50-day simple moving average (SMA), endorsing a bullish short-term picture, the road to a complete recovery remains long. The short-term oscillators suggest a cautiously positive tone. Specifically, the MACD histogram is positive but below its red signal line, while the RSI is sloping upwards above its 50-neutral mark. Should buyers [..]

Bitcoin holds above $23,000 key support – Cryptocurrency News

Posted on August 4, 2022 at 3:25 pm GMT

Bitcoin and other major altcoins have bounced back from their 2022 lows and remain comfortably above their recent support regions on signs that geopolitical tensions are fading combined with expectations that the Fed could scale down its monetary tightening later in the year. This recent rebound has boosted investor sentiment, pushing the crypto Fear and Greed Index from extreme negative to negative for the first time since late April. Therefore, the question that lies ahead is whether crypto markets have [..]

Bitcoin rebounds above $20,000 despite intensifying systemic woes – Cryptocurrency News

Posted on July 5, 2022 at 8:59 am GMT

Even though Bitcoin and most cryptocurrencies finished last week on the wrong foot, they quickly gained back some lost ground on Monday benefiting from a slight rebound in investor sentiment. The largest cryptocurrency by market capitalization reclaimed the crucial $20,000 psychological level but this recovery does not stem from any positive fundamental developments in the crypto space. The crypto Fear and Greed Index remains tilted in the extreme fear territory as markets remain short of convincing evidence that macro and [..]

Technical Analysis – ETHUSD bounces off 18-month low but downside risks linger

Posted on June 30, 2022 at 11:28 am GMT

ETHUSD (Ethereum) has experienced a sharp sell-off since early June, generating a fresh 18-month low of 879. Although the cryptocurrency managed to partially rebound and recoup some of its losses, downside pressures have re-emerged. The momentum indicators are suggesting that bearish forces are in control. Specifically, the RSI is descending very close to the oversold zone, while the MACD histogram is slightly above its red signal line but remains in negative territory. Should selling interest intensify further, the price could encounter initial [..]

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