Tag: Rally

BILLIONAIRE SAYS BITCOIN HAS BOTTOMED (INSANE PREDICTION) + SEC CRYPTO UPDATE

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Chamath Palihapitiya says markets have bottomed & now is the time to buy! + SEC Chair Gary Gensler addresses CFTC criticism & gives update for bitcoin & crypto market. Join Us in Dubai: 👉👉👉 Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:30 – Bitcoin, Ethereum, & crypto look BULLISH in October! 1:12 – Billionaires are buying assets again! (Here…

Can the Declining ECI Spark a Bitcoin Rally? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin found resistance yesterday at the 100 daily moving average yesterday and pulled back to $20,000. As mentioned as a possibility in yesterday’s commentary, the strong economic data, coupled with weak earnings for big tech companies such as Amazon, led to a decline in crypto last night. However, Bitcoin is rallying today after we received Employment Cost Index data (ECI), which came in as expected at 1.2%. This number continues the declining trend in ECI. However, when we look at…

Bitcoin is cooling its rally — Here are the BTC price levels to watch next

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Bitcoin (BTC) consolidated gains on Oct. 27 as the highest levels in six weeks gave way to sideways action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin impresses with stability on GDP print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $20,500 on Bitstamp after reaching local highs of $21,012 the day prior. The largest cryptocurrency treaded water in line with United States equities at the Wall Street open, with the S&P 500 flat and the Nasdaq Composite Index down around 1% at the time of writing. The…

Ethereum Bulls Rally Above $1,500, But ETH Could Face A Tough Time Here

ETH’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $1,700. ETH faces a major issue to trend and holds higher above $1,500 after the price broke out of its downtrend descending triangle price movement. ETH’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Ethereum (ETH) has continued to hold strong as price trends toward the region of $1,700 as the price faces a key…

Bitcoin Faces Key Decision Above $20,700, Will Price Rally To $21,500?

BTC’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $21,500. BTC faces a major decision test to trend higher above $21,000 after the price broke out of its downtrend descending triangle price movement. BTC’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Bitcoin (BTC) has continued to hold strong as price trends toward the region of $21,000 as price faces a key decision ahead…

Next Bitcoin rally to start in Q2 2023 — Mark Yusko explains why

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The anticipation of the next Bitcoin (BTC) halving will be the main catalyst that sparks a new crypto rally as soon as the second quarter of 2023, according to hedge fund manager Mark Yusko. The halving mechanism, which reduces Bitcoin’s block rewards by half every four years, has historically been a major catalyst for crypto rallies. The next halving is expected to occur in early 2024. “Usually the market will anticipate that by about nine months,” Yusko said in a recent interview with Cointelegraph. According to the hedge fund manager,…

Reasons Behind The Bitcoin Price Rally

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Following the Bitcoin price’s extreme loss of volatility over the past few weeks, yesterday’s rally feels like new hopium and a massive move to the upside. For the first time in three weeks, the price has surpassed $20,000 with the move coming as a surprise to many. Most recently, inflation fears and macroeconomic uncertainties have dominated the crypto market. Fundamental changes in this regard did not occur yesterday. So what was the reason for yesterday’s upswing in the Bitcoin market? What is apparent is that the stock market also rose…

Bitcoin Price Rally Could Gather Pace Above $20.5K: Why Bulls Are In Control

Bitcoin price started a strong rally above $19,650 against the US Dollar. BTC is trading above $20,000 and could gain momentum above the $20,500 resistance. Bitcoin started a strong increase above the $19,500 and $19,650 resistance levels. The price is trading above $20,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $20,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear move above the $20,500 resistance. Bitcoin…

Ethereum Price Will Rally If This Happens; What Could That Possibly Be?

ETH’s price shows the first sign of bounce after forming a bullish pattern as the price gets rejected into a descending range channel.  ETH bounced off its downtrend movement as the price builds more momentum in a descending triangle with a breakout on either side open.  The price of ETH continues in its range movement as the price gets rejected and trades below the 50 and 200 Exponential Moving Averages (EMA). The price of Ethereum (ETH) after its “Ethereum Merge” hasn’t been encouraging as the price has dropped far below…