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Cryptocurrencies

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Technical Analysis – BTCUSD consolidates around 27,000

Posted on May 23, 2023 at 1:26 pm GMT

BTCUSD (Bitcoin) has been generating a structure of lower highs and lower lows after peaking at the 10-month high of 31,064 in mid-April. Even though the king of cryptos managed to halt its decline and recoup some losses, any attempts for further advances have been repelled around the 27,500 mark. The momentum indicators are reflecting a cautiously positive tone. Specifically, the stochastic oscillator is ascending steeply after posting a bullish cross, while the RSI has ticked up slightly below its 50-neural mark. [..]

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Bitcoin breathes sigh of relief amid optimism over debt-ceiling resolution – Cryptocurrency News

Posted on May 18, 2023 at 1:52 pm GMT

Bitcoin and major altcoins started this week on the front foot after a weekend of choppy trading, but digital assets remained way below the crucial levels conquered earlier in the year. Despite posting consecutive intraday gains, Bitcoin has repeatedly failed to surpass the $27,500 mark, hinting that its recent selloff could extend. However, some renewed optimism regarding the debt-ceiling negotiations on Thursday cheered up the mood in crypto markets, but is it enough to pause the downside correction? Bitcoin under pressure Bitcoin appears [..]

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Technical Analysis – BTCUSD remains suppressed by 50-SMA

Posted on May 17, 2023 at 11:32 am GMT

BTCUSD has been generating a structure of lower highs and lower lows after peaking at the 10-month high of 31,064 in mid-April. Even though the digital coin found its feet at the May bottom of 25,785 and attempted a rebound, it has been repeatedly held down by its 50-period simple moving average (SMA). The momentum indicators currently suggest that near-term risks are tilted to the downside. Specifically, the RSI has flatlined beneath its 50-neutral mark, while the stochastic oscillator is [..]

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Bitcoin tumbles to 2-month low, decoupling from recent catalysts – Cryptocurrency News

Posted on May 12, 2023 at 11:58 am GMT

This week has been eventful for Bitcoin and the broader crypto space, with the king of digital assets sliding to a fresh two-month low on Friday as its correlation with traditional risky assets seems to have broken. Moreover, the latest banking turmoil failed to trigger gains in cryptos, suggesting that the systemic events and regulatory woes continue to undermine investor sentiment. Is the 2023 rally starting to fizzle? Crypto industry suffers from idiosyncratic risks Bitcoin is around 5% down this [..]

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Technical Analysis – ETHUSD retreats below 50-day SMA but sideways pattern holds

Posted on May 11, 2023 at 11:56 am GMT

ETHUSD (Ethereum) had been trending higher since the beginning of the year, peaking at a fresh 11-month high of 2,142 before experiencing a significant downside correction. Since then, the digital coin has been rangebound, but the short-term picture deteriorated after the price dived beneath its 50-day simple moving average (SMA). The momentum indicators currently suggest that near-term risks are tilted to the downside. Specifically, the stochastic oscillator is descending near its 20-oversold zone, while the RSI dipped below its 50-neutral [..]

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Bitcoin gains after Fed decision amid banking sector turbulence – Cryptocurrency News

Posted on May 5, 2023 at 11:53 am GMT

This was another volatile week for Bitcoin and most major altcoins as the US banking sector came under renewed stress, while investors digested the Fed’s latest interest rate decision. Even though cryptos initially lost some ground after First Republic Bank’s collapse, they quickly recouped their losses and added more gains on the back of some dovish commentary in the latest FOMC meeting. Will cryptos manage to storm to fresh highs? Fed aftermath Βitcoin has been rising after the latest US monetary [..]

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Technical Analysis – BTCUSD recoups losses after slicing through 50-day SMA

Posted on May 4, 2023 at 9:59 am GMT

BTCUSD (Bitcoin) has been gaining ground after it managed to jump back above its 50-day simple moving average (SMA). However, should this latest rebound fail to strengthen, the price would be on track to extend its structure of lower highs, which is a bearish technical signal. The momentum indicators currently suggest that near-term risks are tilted to the upside. Specifically, the RSI jumped above its 50-neutral mark, while the stochastic oscillator is ascending after posting a bullish cross. Should buyers [..]

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Bitcoin in recovery mode amid renewed banking concerns – Cryptocurrency News

Posted on April 28, 2023 at 10:23 am GMT

Bitcoin and most major altcoins have experienced some wild swings during this week after a barrage of contradicting economic developments. Initially, digital assets slumped from their recent multi-month peaks due to a broader risk-off sentiment, which was reinforced by aggressive selling from two large crypto accounts. However, cryptocurrencies rebounded strongly on the back of another systemic incident in the US banking sector as First Republic Bank came under severe pressure from huge deposit outflows. Cryptos creep back up, crucial levels [..]

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Technical Analysis – BTCUSD spikes upwards after hitting 50-day SMA

Posted on April 27, 2023 at 10:39 am GMT

BTCUSD (Bitcoin) experienced a pullback after its 2023 surge peaked at the 10-month high of 31,064 in mid-April. However, the price has bounced back again after the 50-day simple moving average (SMA) curbed its retreat. The momentum indicators currently suggest that buyers have re-gained the upper hand. Specifically, the RSI is pointing upwards above its 50-neutral mark, while the stochastic oscillator is ascending after posting a bullish cross in the 20-oversold zone. Should the recent advance extend above the 30,000 [..]

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Bitcoin and Ethereum retrace lower as 2023 rally stalls – Cryptocurrency News

Posted on April 21, 2023 at 11:54 am GMT

Cryptocurrencies have posted significant gains in 2023, with Bitcoin and Ethereum storming to fresh multi-month highs above crucial psychological levels. However, crypto prices have been on the retreat for the past three days amid a broader risk-off sentiment in markets, while regulatory woes continue to hurt the sector. Is the 2023 rally over or are digital coins just experiencing a healthy pullback after an overextended advance? Cryptos tumble without a clear catalyst In the last couple of days, crypto prices [..]

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