Tag: Analysis

The End of Bitcoin Woes? BTCUSD Analysis October 11, 2022

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In this episode of NewsBTC’s daily technical analysis videos, we examine a possible bottoming scenario in Bitcoin price based on a potential expanded flat correction and an ending diagonal. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 11, 2022 Bears and bulls are battling it out once again, each side trying to take control over daily momentum. Cycling through indicators like the Bollinger Bands and the Ichimoku show that Bitcoin isn’t looking very great at the moment. Only the Parabolic SAR is currently showing any type of…

Price analysis 10/10: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

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Legacy markets continue to negatively impact Bitcoin price, but a positive sign is that the bulls have not allowed BTC to retest its June low. The United States equities markets have started the week on a weak note as investors remain unconvinced that the Federal Reserve will pull back its aggressive monetary policy. The Nasdaq Composite index fell to its lowest level since September 2020. All eyes will be fixated on the U.S. Consumer Price Index data for September to be released on Oct. 13 as that could influence the…

Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

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Markets corrected as U.S. jobs data reflected a stubbornly robust labor market, adding further confirmation to investors’ belief that the Federal Reserve will continue with its aggressive rate hikes. The United States nonfarm payrolls increased by 263,000 in September, marginally below the Dow Jones estimate of 275,000, but the unemployment rate dropped to 3.5% compared to the forecast of 3.7%.  Some analysts believe the report shows that the jobs market remains strong in spite of the Federal Reserve’s efforts to slow down the economy and that could encourage the Fed…

Canadian central bank identifies retail CBDC archetypes in theory-heavy analysis

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An analyst at the Bank of Canada has written a paper that identifies recurring patterns in CBDC models and how those patterns impact a list of performance criteria. Five patterns that recur in retail central bank digital currency (CBDC) designs were identified in a new Bank of Canada staff analytic note. The research focused on information organization and compared software rather than real or proposed CBDCs, and it examined the practical implications of its findings for retail payment systems.  The author, Sriram Darbha, called the patterns he identified “archetypes.” They…

Price analysis 9/30: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

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Equities markets have extended their decline, but Bitcoin and select altcoins have not given up much ground, leading some traders to believe that the bottom is in. The United States equities markets have been under a firm bear grip for a large part of the year. The S&P 500 and the Nasdaq Composite have declined for three quarters in a row, a first since 2009. There was no respite in selling in September and the Dow Jones Industrial Average is on track to record its worst September since 2002. These…

Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis

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Despite Russia pushing the idea of using cryptocurrencies for cross-border payments, it still remains unclear what digital asset exactly the government plans to adopt for such transactions. Russian authorities are quite unlikely to approve the use of cryptocurrencies like Bitcoin (BTC) for cross-border transactions, according to local lawyers and fintech executives. Bank of Russia needs to control cross-border transactions It’s “highly questionable” that Russia would allow usage of Bitcoin or any other similar cryptocurrency for cross-border payments because such assets are “hard to control,” according to Elena Klyuchareva, the senior…

ETHEREUM TO $2,200 IN SEPTEMBER 🌝 👀 TETHER BAN USERS! BITCOIN PRICE ANALYSIS & CRYPTO NEWS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ETHEREUM CAN CHARGE TO $2,200 WITHIN WEEKS IF IT BREAKS THIS KEY RESISTANCE! Ethereum Merge price Analysis IN DEPTH! Tether USDT ban Over 700 users taking $400m offline! As a professional Crypto Trader Please do not copy what i do unless you are also a Professional | Bitcoin Halving News | I just took a new #Bitcoin Trade To learn Todays Crypto News & Trading Analysis & How to trade, subscribe to my channel!! GET $100 FREE FOR JUST MAKING AN ACCOUNT!…

Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

The strength of the U.S. dollar continues to negatively impact risk assets, but that did not prevent Bitcoin and select altcoins from staging a few strong rallies this week. The S&P 500 index has declined about 5% this week while the Nasdaq Composite is down more than 5.5%. Investors fear that the Federal Reserve’s aggressive rate hikes could cause an economic downturn. The yield curve between the two-year and 10-year Treasury notes, which is watched closely by analysts for predicting a recession, has inverted the most since the year 2000. …

Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity

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Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days. Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC’s RSI at 42 On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend. Now, will the bulls pull it off and haul the price back to $66? Zcash Fibonacci retracement levels have hovered up from $55 to $92.6, showing an 83.4% retracement level, which…

Price analysis 9/16: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

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Equities markets are witnessing aggressive selling due to increasingly bearish macroeconomic factors, and this is adding sell pressure to Bitcoin and altcoin prices. The World Bank has warned of a possible global recession in 2023. In a press release on Sept. 15, the bank said that the current pace of rate hikes and policy decisions is unlikely to be enough to bring inflation down to pre-pandemic levels. Ray Dalio, the billionaire founder of Bridgewater Associates said in a blog post on Sept. 13 that if rates were to rise to about…