Category: Jackson Hole

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Bitcoin sits at range high as realized price sparks BTC ‘macro signal’

August 25, 2022

Interesting signals are being printed by several more chart indicators this week, all of which have proven to be bear market bottom markers. Bitcoin (BTC) inched closer to $22,000 on Aug. 25 as realized price provided the next major hurdle for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Realized price inspires confidence Data from…
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Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data

August 29, 2021

Bitcoin bulls remain pressured under $50,000 in the week that would shed more light on the Federal Reserve’s taper outlook based on non-farm payroll numbers. The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000,…
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