Tag: Key

Bitcoin price gives up key trend line as US jobs data deals 5% losses

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A snap unemployment report sparks an instant risk asset sell-off, with BTC price action staying below $20,000 since. Bitcoin (BTC) stayed near the lower end of its trading range into Oct. 8 after bulls failed to recoup macro-induced losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,000 disappears into weekend Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,500 at the time of writing. Lows of $19,340 appeared on Bitstamp the day prior before consolidation began. The pair had seen swift, if predictable, downside accompany United States unemployment…

Bitcoin repeats key bear market move as $19K becomes key BTC price zone

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Bitcoin (BTC) holding $19,000 could be more important than traders realize, new data reveals. In the latest edition of its monthly report series, “The Bitcoin Monthly,” investment management firm ARK Invest flagged an ongoing battle for the defense of Bitcoin’s investor cost basis. Bitcoin investor cost basis buoys market Bitcoin price action is currently characterized by volatile moves within a clearly defined range only around $4,000 across. Having held since June, this range contains what immediately stands out as a focal point — the prior halving cycle’s all-time high of…

Ethereum Price Could Rally If It Closes Above This Key Level

Ethereum is showing positive signs above the $1,300 level against the US Dollar. ETH could rally if it clears the $1,330 and $1,350 resistance levels. Ethereum is slowly moving higher and trading above the $1,300 level. The price is now trading above $1,310 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a clear move above the $1,350 resistance. Ethereum Price…

Bella Protocol Shows Strength, Can Bulls Break A Key Resistance?

BEL price creates more bullish sentiment as price struggles to break and hold above the daily 50 EMA  BEL looks more stable as bulls breakout of a descending triangle The price of BEL could face major resistance at $1  Bella Protocol (BEL) had a rocky start to the year, failing to live up to its initial hype. However, this could be set aside as the price has recently turned bullish against tether (USDT). Bella Protocol (BEL) has seen more of a downtrend than an upside in the bear market, with…

Binance Coin (BNB) Bulls Defends Key Zone, Will The Give Up?

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BNB price creates mixed feelings on the high timeframe as price forms a descending triangle on the daily chart while an ascending triangle forms on the weekly chart.  BNB looks more stable as the price aims to flip the $340 resistance to set up a bullish sentiment.   The price action of the Binance Coin (BNB) continues to look strong despite the price forming a bilateral chart pattern on the daily and weekly timeframe. Surprisingly Bitcoin (BTC) movement in a range has had little effect on the price of Binance Coin…

Kenyan Central Bank Raises Key Rate by 75 Basis Points – Emerging Markets Bitcoin News

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The monetary policy committee of the Kenyan central bank recently revealed it increased the central bank rate by 75 basis points from 7.5% to 8.25%. Justifying its decision to act, the committee cites growing inflationary pressures and increased global risks, as well as their likely impact on the domestic economy. Growing Inflationary Pressures Following its latest meeting, the monetary policy committee (MPC) of the Central Bank of Kenya (CBK) announced it approved increasing the central bank rate (CBR) from 7.50 percent to 8.25 percent. The MPC, which is chaired by…

Ethereum Price Eyes Fresh Surge, 100 SMA Holds The Key

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Ethereum recovered losses and climbed above the $1,320 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum found support near the $1,250 level and recovered losses. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support at $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if there is a clear move above the $1,350 resistance zone.…

Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low – Africa Bitcoin News

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Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein in inflation.” The rate increase came just days after the naira’s parallel exchange rate against the dollar plunged to a new low. Narrowing the Negative Real Interest Rate Gap According to the Central Bank of Nigeria (CBN), members of the bank’s monetary…

Ethereum Price is Showing Early Signs of Fresh Rally, But $1,400 is the Key

Ethereum is gaining pace above $1,360 against the US Dollar. ETH could start a fresh rally if there is a clear move above the $1,400 resistance zone. Ethereum is showing positive signs above the $1,320 and $1,350 support levels. The price is now trading above $1,350 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,342 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its rally if it clears the key $1,400 resistance…