Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin. Bitcoin (BTC) has been moving in the opposite direction of the United States dollar since the beginning of 2022 — and now that inverse relationship is more extreme than ever. Bitcoin and the dollar go in opposite…
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Bitcoin price action will seal monthly losses over 40% for the first time in 11 years if it closes at $19,000. Bitcoin (BTC) drifted further downhill into the June 30 Wall Street open as United States equities opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. dollar returns to multi-decade highs Data…
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Looming macroeconomic concerns and this week’s $1B ETH options expiry threaten to pin Ethereum price under the $1,800 support. Ether’s (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July…
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Macro conditions flip to reduce pressure on risk assets, as one view gives Bitcoin bears $14,000 capitulation “hopium.” Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength declines after 20-year record Data from Cointelegraph Markets Pro and…
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A failure to hold $40,000 comes as the U.S. dollar currency index finally weakens. Bitcoin (BTC) stayed rangebound on April 29 as a welcome retracement saw the United States dollar come down from 20-year highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $40,600 as “crucial” breaker Data from Cointelegraph Markets Pro and TradingView…
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A lot rests on the U.S. dollar cooling its bull run and fast, Michaël van de Poppe says, with Bitcoin’s upside potential still impressive. Bitcoin (BTC) remains a slave of the U.S. dollar on April 27 as the greenback spells fresh misery for risk assets across the board. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView…
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Bitcoin carves out its own trajectory as Wall Street trading gets underway in the first session after Easter. Bitcoin (BTC) reclaimed $41,000 on April 14 as the first day of Western stock market trading after Easter painted a more bullish picture. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis calls for caution on BTC Data…
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BTC price struggles to sustain $40,000, but March 18’s options expiry might give bulls the $160 million profit needed to keep the positive momentum. Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster…
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Record hash rate and difficulty provide a positive overture to some uninspiring price moves, with Bitcoin now offering network security never seen before in its history. Bitcoin (BTC) starts the week with a slow drag downhill towards pivotal support at $40,000. After bulls had something to celebrate last week, the current environment looks like a…
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Bitcoin regained its bullish bias after reclaiming $50,000 ahead of the yearly close, even its safe-haven rival, the U.S dollar, signaled continued upside strength in the coming sessions. Bitcoin (BTC) regained its bullish strength after reclaiming $50,000 last week and continued to hold the psychological level as support on Dec. 27. Meanwhile, its rival for…
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