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Cryptocurrencies

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Technical Analysis – ETHUSD set for a breakout move

Posted on November 30, 2023 at 12:57 pm GMT

Ethereum pulls back from recent multi-month high Generates a structure of lower highs and higher lows Momentum indicators suggest that buying interest is fading ETHUSD (Ethereum) experienced a strong rally since late October, which propelled the price to 2,136, its highest level since April. However, in the past few weeks, the leading altcoin has been trading without a clear direction, with the formation of a pennant pattern hinting at an impending breakout. Should the pennant break to the upside, the bulls [..]

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Bitcoin temporarily breaches $38,000, fending off systemic risks – Crypto News

Posted on November 24, 2023 at 12:49 pm GMT

Bitcoin remains stuck in its 3-week rangebound pattern Binance’s CEO pleads guilty to anti-money laundering violations Cryptos’ seem unhindered by another regulatory crackdown Ethereum breaks above important trendline Cryptos exhibit remarkable resilience In 2023, Bitcoin’s trajectory has been characterized by periods of consolidation and low volatility usually followed by breakout moves. Currently, the king of cryptos appears to be in the former phase, trading just a tad below its 2023 high and the $38,000 psychological level. The latest sideways pattern [..]

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Technical Analysis – ETHUSD breaks above trendline but fails to rally

Posted on November 23, 2023 at 1:52 pm GMT

ETHUSD conquers downward sloping trendline Meets strong resistance though at crucial technical level Momentum indicators warn for impending pullback ETHUSD (Ethereum) had been forming a structure of lower highs in the four-hour chart since its peak at 2,136 on November 10. However, yesterday, the price managed to violate the descending trendline that connects its recent highs, but the bulls seem unable to reclaim the strong resistance of 2,092 for now. As both the stochastic oscillator and the RSI show signs [..]

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Bitcoin eases from highs as cryptos decouple from stocks – Crypto News

Posted on November 17, 2023 at 12:39 pm GMT

Bitcoin pulls back after repeatedly failing to conquer $38,000 Cryptos seem unable to follow stocks higher in the CPI aftermath Latest moves in cryptos underscore the diversification narrative Traders hit the pause button For cryptos, this year has been characterized by periods of low volatility and rangebound trading followed by bullish breakout moves. With the buzz around the impending approval of spot-Bitcoin ETFs by the SEC being the latest catalyst, Bitcoin has enjoyed a solid upleg in the past two [..]

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Technical Analysis – ETHUSD falls back below 2,000

Posted on November 15, 2023 at 12:27 pm GMT

Ethereum pulls back from recent multi-month high Impending golden cross could revive the rally Momentum indicators ease from overbought conditions ETHUSD (Ethereum) experienced a strong correction after peaking at 2,136, its highest level since April 2023. However, the 50-day simple moving average (SMA) is closing the gap with the 200-day SMA, where a potential golden cross could induce upside pressures. Should the positive momentum strengthen, the bulls might attack the July resistance of 2,030, which also held strong in August 2022. A [..]

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Bitcoin climbs to fresh 18-month high a tad below $38000 – Crypto news

Posted on November 10, 2023 at 12:54 pm GMT

Bitcoin hits its highest level since May 5, 2022 Ethereum jumps back above $2000 to a 6-month peak ETF-driven euphoria spreads into altcoins Crypto rally shows no signs of cooling Bitcoin has enjoyed solid gains since early October, with the buzz around the impending spot-Bitcoin ETF approvals acting as the main tailwind. On Thursday, the leading cryptocurrency posted a fresh 18-month high of $37,974 before paring back some gains. To get a better grasp of where we are standing, Bitcoin is [..]

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Technical Analysis – BTCUSD jumps to fresh 18-month peak; looks overbought

Posted on November 9, 2023 at 1:42 pm GMT

BTCUSD touches 37,000 for the first time since May 5, 2022 Momentum indicators remain deep in overbought zones These oscillators warn of an impending pullback BTCUSD (Bitcoin) has experienced a massive rally driven by speculation around the approval of spot-Bitcoin ETFs, which has sent the price to a fresh 18-month high of 37,029 on Thursday. However, the latest advance seems substantially overstretched as both the RSI and stochastics are within their overbought zones for more than two weeks. Given that the price is [..]

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Bitcoin touches 36,000 in the FOMC aftermath – Crypto News

Posted on November 2, 2023 at 2:51 pm GMT

Bitcoin posts fresh 18-month high on Thursday Fed’s neutral stance boosts risk sentiment Are cryptos reestablishing correlation with traditional assets? Cryptos shine as Fed holds rates unchanged Unlike what has been happening lately, macroeconomic forces were the main drivers behind moves in the cryptocurrency space this week. Specifically, Bitcoin and most altcoins surged after the Fed struck a less hawkish-than-expected tone on Wednesday, keeping rates steady for a second consecutive meeting. Fed Chair Jerome Powell’s neutral remarks calmed some nerves in [..]

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Technical Analysis – BTCUSD consolidates below its 18-month peak

Posted on November 1, 2023 at 1:46 pm GMT

BTCUSD surged above 35,000 to its highest since May 2022 Has been flat since then, forming a pennant pattern Momentum indicators remain within overbought territories BTCUSD (Bitcoin) has experienced a massive rally driven by speculation around the approval of spot-Bitcoin ETFs, which sent the price to a fresh 18-month high of 35,187. However, the leading cryptocurrency has been trading sideways in the past seven days, with the formation of a pennant hinting at an impending breakout. Given that the short-term oscillators are [..]

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Bitcoin pulls back from $35,000 but ETF optimism holds – Crypto News

Posted on October 27, 2023 at 11:50 am GMT

Bitcoin surges to a fresh 17-month high amid spot ETF frenzy Faces a minor setback probably due to profit taking A golden cross seems imminent on the daily chart Bitcoin jumps above $35,000 on ETF speculation The king of cryptocurrencies gained more than 11% on Tuesday after BlackRock’s iShares Bitcoin Trust appeared to be listed on the Depository Trust and Clearing Corp DTCC. Although DTCC made clear that being on the list does not indicate that the security has taken [..]

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