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Cryptocurrencies

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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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Technical Analysis – BTCUSD skyrockets on ETF speculation

Posted on October 24, 2023 at 8:51 am GMT

Bitcoin surges to an almost 18-month high Broader picture appears overly positive But overstretched rally increases the risk of a correction BTCUSD (Bitcoin) soared to an almost 18-month high on Tuesday, driven by speculation that an exchange-traded fund (ETF) that tracks the price of Bitcoin could soon be approved by the United States. The crypto king rallied more than 10% to hit 35,187, before pulling back below the 34,500 zone, which is marked as resistance by the inside swing low [..]

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Bitcoin climbs to a 2-month high, touching $30,000 – Crypto News

Posted on October 20, 2023 at 11:42 am GMT

Bitcoin edges higher amid growing optimism on spot ETF approval Cryptos decouple from stocks, defying geopolitical jitters and rising yields Bitcoin reclaims the crucial 200-day SMA Investors count on spot-Bitcoin ETF approval Undoubtedly, Bitcoin is experiencing one of its best weeks in recent months, currently being around 10% up since Monday. This latest rally has helped the king of cryptos conquer the crucial 200-day simple moving average (SMA), which had repeatedly curbed any upside attempts in early October. The main [..]

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Technical Analysis – BTCUSD consolidates above 200-day SMA

Posted on October 19, 2023 at 1:57 pm GMT

BTCUSD reclaims crucial 200-day SMA, posting 2-month high Trades flat in the past few daily sessions Momentum indicators are heavily tilted to the bullish side BTCUSD (Bitcoin) had been forming a structure of higher highs and higher lows since its bounce off the September bottom of 24,915. Moreover, the price jumped above the 200-day simple moving average (SMA) after several failed attempts, but this bullish outbreak failed to trigger a rally. If the bulls keep applying upside pressures, the price could initially [..]

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Bitcoin under pressure as it decouples from stocks – Crypto News

Posted on October 13, 2023 at 11:50 am GMT

Bitcoin clocks negative week as stock markets rebound FTX trial and Middle East conflict undermine the sector Bitcoin price stuck between 50- and 200-day SMAs Cryptos trade in their own world Bitcoin and most major altcoins are on track to post a red weekly candlestick, exhibiting significant correlation breaks with other traditional assets. Firstly, we saw Bitcoin prices falling in the first three days of the week in a period when stock markets were advancing. What’s more interesting though is [..]

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Technical Analysis – BTCUSD finds strong support at 50-day SMA

Posted on October 12, 2023 at 1:30 pm GMT

Bitcoin pulls back after rejection at 200-day SMA Decline ceases at the 50-day SMA Momentum indicators point to more losses BTCUSD (Bitcoin) had been forming a structure of higher highs and higher lows since its bounce off the September bottom of 24,915. However, the price has been on the retreat in the last few daily sessions after being repeatedly repelled by the 200-day simple moving average (SMA). If selling interest intensifies and the price crosses below the 50-day SMA, the September [..]

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