Cryptocurrencies / Page 11

Bitcoin rallies 80% this year, can it keep going? – Crypto News

Posted on August 9, 2023 at 11:40 am GMT

The world’s oldest cryptocurrency has risen by almost 80% this year, boosted by the Fed’s liquidity injections to deal with the banking crisis, and hopes that US regulators will soon approve an ETF that tracks spot Bitcoin prices. That could be a huge event for crypto markets, although there are also risks, as liquidity conditions seem to be tightening. Riding the liquidity wave It’s been a great year for crypto assets so far. While crypto prices are still far below [..]

Bitcoin resumes choppy trading in absence of directional catalysts – Crypto News

Posted on August 4, 2023 at 11:49 am GMT

Bitcoin started the month where it left off in July, trading sideways around the $29,000 mark. This has been one of the quietest periods in the crypto space, with volatility being at historical low levels as digital assets seem immune to any macroeconomic or idiosyncratic developments. So, what could really move crypto markets? Cryptos struggle to find direction Digital coins have exhibited remarkable stability during the summer, appearing unhindered by both bullish and bearish developments. Historically, crypto markets have overreacted [..]

Technical Analysis – BTCUSD retreats below ascending 50-day SMA

Posted on August 3, 2023 at 1:43 pm GMT

BTCUSD (Bitcoin) has been rangebound in the last few daily sessions following a mild pullback from its recent highs. Moreover, the king of cryptos has been gradually forming a structure of lower highs similar to the one observed during the April-June period, with the decline beneath the 50-day simple moving average (SMA) further darkening the outlook. The momentum indicators currently suggest that the near-term risks are tilted to the downside. Specifically, the RSI is descending below the 50-neutral threshold, while [..]

Bitcoin holds above $29,000 as downside risks mount – Cryptocurrency News

Posted on July 28, 2023 at 11:48 am GMT

After a prolonged period of low volatility, Bitcoin experienced a strong pullback in the last couple of weeks. Having traded within the $30,000-$31,000 range for nearly a month, it dropped below the $29,000 mark for the first time since June 20 before recouping some losses. This latest retreat could be attributed to a wide range of factors such as the fading optimism regarding the spot-Bitcoin ETF applications or the ongoing risk of restrictive policy, while the US regulatory crackdown is [..]

Technical Analysis – LTCUSD pauses decline in crucial territory

Posted on July 27, 2023 at 12:12 pm GMT

LTCUSD (Litecoin) experienced a massive surge on June 30, gaining more than 28% in a single session before posting a fresh 15-month peak of 114.90 three days later. However, the digital coin has been in a downside correction since then, forming a structure of lower highs, which has paused for now around the converging 50- and 200-day simple moving averages (SMAs). This latest pullback is also endorsed by the momentum indicators. Specifically, the stochastic oscillator dipped in the 20-overbought zone, [..]

Technical Analysis – BTCUSD steady near 50-SMA; bias negative

Posted on July 26, 2023 at 1:31 pm GMT

BTCUSD (Bitcoin) switched to silent mode after Monday’s plunge to a one-month low of 28,842, with the price trading almost flat over the past two days. The latest pullback followed a rejection near the 30,000 psychological mark and the 20-day simple moving average (SMA) but the 50-day SMA managed to minimize losses around 29,136. Nevertheless, the technical indicators keep favoring the bears at the moment, promoting a continuation lower as the RSI is extending its downtrend below its 50 neutral mark [..]

Technical Analysis – BTCUSD sustains monthly neutral status

Posted on July 20, 2023 at 10:21 am GMT

BTCUSD (Bitcoin) has been range bound between 31,450 and 29,550 for a month now. This is a familiar range territory, which the popular crypto used to visit occasionally during the previous two years. The Stochastic oscillator is looking to pivot northwards in the oversold region, flagging a potential upside reversal. That said, the RSI and MACD are sustaining a negative trajectory, keeping optimism for an upside correction low after the price dropped below the 20-day SMA. The bulls will need [..]

Bitcoin uptrend remains stalled around $30,000 amid ongoing caution – Cryptocurrency News

Posted on July 13, 2023 at 8:07 am GMT

Bitcoin has been consolidating as the June rally catches its breath, coinciding with a similar pause on Wall Street for US equities. Concerns about central banks’ unwavering higher for longer stance has dented risk appetite lately, as bond yields have spiked globally, eroding the appeal of not just risk assets, but also safe havens such as gold. Inflation is on the way down, but… Investors have had to weigh encouraging data pointing to declining inflation and receding risks of [..]

Bitcoin retreats from 13-month peak on fears of further rate hikes – Cryptocurrency News

Posted on July 7, 2023 at 11:23 am GMT

After a period of choppy trading in which Bitcoin remained flat comfortably above the $30,000 psychological mark, Thursday’s events brought back some volatility. On that day, the king of cryptos stormed to a fresh 13-month high of $31,500 before retreating lower on the back of a significantly stronger-than-expected ADP employment report. As positivity driven by institutional interest is fading due to regulatory and macroeconomic concerns, what does the second half of 2023 hold for cryptocurrencies? Tremendous half despite adverse backdrop [..]

Technical Analysis – ETHUSD pulls back from 2-month peak

Posted on July 6, 2023 at 1:48 pm GMT

ETHUSD (Ethereum) had been in a steady advance since mid-June, posting a fresh two-month high of 1,976 on Monday. However, the digital coin quickly surrendered some gains, with the bears currently attacking the 1,900 region. The momentum indicators currently suggest that bullish forces are subsiding but have not totally surrendered yet. Specifically, the stochastic oscillator is ticking down near its overbought zone, while the RSI is losing some ground but holds comfortably above its 50-neutral mark. Should sellers try to push [..]

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