Cryptocurrencies / Page 21

Bitcoin hovers near $30,000 as sentiment for risky assets deteriorates – Cryptocurrency News

Posted on May 25, 2022 at 11:13 am GMT

Bitcoin has delivered its eighth consecutive weekly loss for the first time in history, currently trading in a tight range around the $30,000 psychological mark, which is more than 50% down from its all-time peak. The sustained downtrend could be attributed to a barrage of emerging headwinds such as the negative macroeconomic environment for risky assets, inflation and growth concerns, alongside idiosyncratic risks stemming from within the crypto industry. Heading further into 2022, Bitcoin and the broader crypto market seem [..]

Bitcoin fluctuates near $30,000 as sell-off eases, but downside risks linger – Cryptocurrency News

Posted on May 16, 2022 at 2:23 pm GMT

Even though the tremendous downside pressures in the crypto space have eased in the last couple of days, Bitcoin has not managed to profoundly cross above $30,000 as investors remain cautious about the risks surrounding digital currencies since Terra’s devastating crash. On top of that, increasing fears that the Fed will be forced to slam the brakes harder on the US economy coupled with the global ending of the ‘easy money’ era seem to be substantial factors that are driving crypto prices [..]

Technical Analysis – BTCUSD falls without a parachute

Posted on May 12, 2022 at 8:08 am GMT

BTCUSD has come under tremendous selling pressure in the past few daily sessions, generating a fresh 16-month low. Overall, the technical picture has started to deteriorate, with a series of lower lows and lower highs forming on the daily chart. The momentum indicators further confirm the bearish near-term bias. The RSI is dipping downwards in the oversold area, while the MACD histogram is currently beneath both zero and its red signal line. Should negative momentum intensify, the price could generate fresh [..]

Technical Analysis – BTCUSD seems unable to escape from tight range

Posted on May 5, 2022 at 1:17 pm GMT

BTCUSD (Bitcoin) has been declining in the short-term after its advance paused at the 48,350 region. Nevertheless, the largest cryptocurrency by market capitalization has been trading sideways in the past few sessions, with its technical picture providing mixed signals. The short-term oscillators suggest a cautiously positive near-term bias. Specifically, the MACD histogram has jumped above its red signal line but remains in the negative region, while the RSI’s ascent failed to cross beyond the 50-neutral mark. Should positive momentum intensify, the price [..]

Bitcoin capped below $40,000 but Fed could infuse downside pressure – Cryptocurrency News

Posted on May 4, 2022 at 3:09 pm GMT

Bitcoin and most altcoins have struggled during the first months of 2022 as central banks’ monetary tightening has been squeezing most assets across the board. After a vast sell-off in April, major cryptocurrencies have adopted a rangebound pattern as investors eagerly await the Fed’s decision on benchmark interest rates on Wednesday, as well as its forward guidance regarding its balance sheet reduction. Therefore, in a period when Bitcoin’s correlation with the US stock indices remains near its all-time-high levels, will [..]

Technical Analysis – ETHUSD pauses retreat but negative bias holds

Posted on April 28, 2022 at 2:39 pm GMT

ETHUSD (Ethereum) has been trending downwards since early April when the 3,570 region rejected its upside impetus. Although the cryptocurrency found its feet in the last couple of sessions, it currently appears to be lacking the necessary momentum to storm higher. The short-term oscillators reflect that the bearish forces are retaining control. The MACD histogram is currently below both zero and its red signal line, while the RSI is hovering beneath its 50-neutral threshold. Should negative momentum intensify further, the price could challenge the recent [..]

Technical Analysis – BTCUSD extends sideways move but downside risks linger

Posted on April 22, 2022 at 10:28 am GMT

BTCUSD (Bitcoin) has been trending downwards since late March when further price advances got curbed at the 48,000 region. Although the price has managed to halt its decline and is currently experiencing a consolidation phase, the technical picture seems to be deteriorating for the cryptocurrency. The momentum indicators suggest that bearish forces continue to hold the upper hand. Specifically, the MACD histogram is currently beneath both zero and its red signal line, while the RSI is hovering in the negative zone. Should selling interest intensify further, [..]

Technical Analysis – ETHUSD rebounds after 50-SMA rejects decline; bias bearish

Posted on April 14, 2022 at 1:06 pm GMT

ETHUSD (Ethereum) has been experiencing a downside correction after its short-term uptrend stalled at the 3,590 region last week. Although the 50-day simple moving average (SMA) paused the price’s recent pullback, it seems like the cryptocurrency lacks the necessary momentum to push higher. The short-term oscillators reflect that bearish forces retain control. The MACD histogram is currently below its red signal line but above zero, while the RSI is hovering beneath its 50-neutral threshold. Should negative momentum intensify further, the [..]

Technical Analysis – BTCUSD falls below 45,000; bias weakens

Posted on April 7, 2022 at 7:28 am GMT

BTCUSD (Bitcoin) extended its pullback from the 200-day simple moving average (SMA) below the key 45,000 barrier on Wednesday, raising speculation that selling pressures could further grow in the short term. The momentum indicators endorse the negative momentum in the popular crypto as the MACD has slid beneath its dashed signal line, while the RSI is set to cross below its 50 neutral mark. The 50-day SMA is nearby at 41,744 and unless it stands firm, the bears could pick up steam towards the [..]

Bitcoin and major altcoins enter a new consolidation phase – Cryptocurrency News

Posted on April 5, 2022 at 1:40 pm GMT

Bitcoin started the week and new quarter at higher levels than those observed at the beginning of the year, erasing its first quarter downtrend. However, despite its recent surge, the king of cryptocurrencies has been rangebound in the last couple of days, with the decline in volatility probably hinting that investors are scrutinizing the current complex market conditions to decide its future price direction. Although most altcoins seem to be following Bitcoin’s price action, there have been a few outperforming [..]

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