Cryptocurrencies / Page 20

Bitcoin exhibits weakness but holds above the 20,000 mark – Cryptocurrency News

Posted on June 28, 2022 at 11:05 am GMT

Bitcoin and other major altcoins have merely bounced back and remain comfortably above their recent lows on signs that inflation in the US is indeed cooling and the Fed might be able to scale down its monetary tightening later in the year. However, cryptocurrencies have started the week on the wrong foot as idiosyncratic risks stemming from within the crypto industry alongside the broader unfavorable macroeconomic conditions for risky assets continue to weigh on digital coins. The latest rangebound pattern observed in most [..]

Technical Analysis – BTCUSD rangebound above 20,000 after decline halts

Posted on June 23, 2022 at 10:09 am GMT

BTCUSD (Bitcoin) has experienced a sharp sell-off since early June after its long-lasting sideways pattern was breached to the downside. Nevertheless, the king of cryptocurrencies has managed to bounce back slightly after it ceased its downfall at the 18-month low of 17,590. The short-term oscillators are indicating a bearish near-term bias. The MACD histogram is currently below both zero and its red signal line, while the RSI has just escaped from the oversold territory. Should the negative momentum strengthen, the [..]

Bitcoin reclaims $20,000 after weekend bloodbath but downside risks linger – Cryptocurrency News

Posted on June 21, 2022 at 2:49 pm GMT

Last weekend, Bitcoin collapsed to $17,590, marking the first time ever that the king of cryptocurrencies has fallen below its previous cycle’s high. Moreover, Bitcoin is challenging its historical records as it is trading below its 200-week simple moving average (SMA), which was essentially the bottom of all its previous bear markets. Although monetary tightening and regulatory woes continue to undermine cryptocurrencies’ prospects, investors are increasingly tilting towards the idea that the market is currently hovering near its bottom. Does the recent [..]

Technical Analysis – BTCUSD bounces off 18-month low but retains bearish outlook

Posted on June 16, 2022 at 11:13 am GMT

BTCUSD (Bitcoin) has been experiencing a sharp decline in the short-term after its long-lasting sideways pattern broke to the downside, generating a fresh 18-month low of 20,050. Moreover, the descending 50- and 200-day simple moving averages (SMAs) are endorsing the cryptocurrency’s bearish technical picture. The short-term oscillators indicate a negative near-term bias. Specifically, the MACD histogram is beneath both zero and its red signal line, while the RSI has entered into its oversold area. Should selling pressure persist, the price [..]

Bitcoin tumbles to 18-month low as persistent inflation terrorizes markets – Cryptocurrency News

Posted on June 14, 2022 at 12:42 pm GMT

The world’s largest cryptocurrency by market capitalization, Bitcoin, has been experiencing a vast sell-off since the beginning of the week, losing more than 25% before recovering some lost ground. Moreover, the broader crypto space has been following Bitcoin’s path amid increasing concerns over slowing global growth and a potential recession as major central banks tilt towards more aggressive tightening to combat rising inflation. In the last couple of days, two crypto trading platforms temporarily halted withdrawals and transfers, exacerbating the [..]

Technical Analysis – BTCUSD rangebound but downside risks remain

Posted on June 10, 2022 at 7:53 am GMT

BTCUSD has been trading within a tight range during the past month, unable to adopt a clear direction. However, the descending 50- and 200-day simple moving averages (SMAs) are painting a gloomy technical picture for the cryptocurrency. The short-term oscillators also indicate a cautiously bearish near-term bias. Specifically, the RSI is dipping beneath its 50-neutral threshold, while the MACD histogram has crossed above its red signal line but remains in the negative territory. Should selling interest intensify, 29,200 could act as [..]

Bitcoin fails to escape tight range ahead of US CPI – Cryptocurrency News

Posted on June 7, 2022 at 10:02 am GMT

Bitcoin ended last week on a positive note, snapping its record losing streak of nine weeks. However, the bulls failed to capitalize on that development and the price has dived again beneath the $30,000 psychological mark, extending its sideways pattern. Many investors suggest that major cryptocurrencies experienced a relief rally and might eventually resume their downtrend, while others point out that the market could be approaching its bottom. Therefore, the latest US CPI report awaited on Friday, could shed some light [..]

Technical Analysis – BTCUSD exits tight range but risks remain

Posted on June 1, 2022 at 12:59 pm GMT

BTCUSD (Bitcoin) returned to a consolidation mode near $31,500 after Monday’s dynamic bullish breakout pushed the price out of the two-week-old tight range and above the 20-day simple moving average (SMA). Although the positive adjustment in the neutral structure looks promising, the technical indicators keep feeding some pessimism. The RSI has returned to its 50 neutral mark after barely climbing above it, while the MACD is still within the negative zone despite improving above its red signal line. Meanwhile, the [..]

Bitcoin reclaims $30,000 mark amid increasing positive correlation with stock indices – Cryptocurrency News

Posted on May 30, 2022 at 2:34 pm GMT

Bitcoin has kicked-off the week on the front foot, dragging most major altcoins higher and catching up with the stock markets’ latest rally, despite the recent decoupling between digital assets and the major US indices. Nevertheless, the king of cryptocurrencies had an extended record-breaking losing streak, recording nine consecutive weekly losses, while it is currently trading more than 50% beneath its all-time high. Therefore, even if some positive signs have emerged after the bulls managed to recapture the $30,000 psychological level, the road [..]

Technical Analysis – BTCUSD extends sideways move but downside risks linger

Posted on May 26, 2022 at 1:45 pm GMT

BTCUSD has been trading within a tight range during the past week, with the decline in volatility probably hinting that traders are scrutinizing the current market conditions to decide the future price direction. Nevertheless, the short-term oscillators indicate a bearish near-term bias. Specifically, the RSI is dipping near the oversold zone, while the MACD histogram has crossed above its red signal line but remains in the negative territory. Should selling interest intensify, the price could descend towards 27,950, which is [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms

How to Access

Telegram Chat Terms

Cryptocurrencies