BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments. Bitcoin’s (BTC) last daily close above $45,000 was 66 days ago, but more importantly, the current $39,300 level was first seen on Jan. 7, 2021. The 13…
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A recently published Reuters poll suggests the European Central Bank (ECB) may wait until the last quarter of the year (Q4) to raise its first interest rate in over ten years. The poll’s author details that after the conflict in Ukraine, “fewer economists” predict the ECB will raise the benchmark bank rate earlier. Moreover, a…
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BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much…
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The only glitch in the bullish setup, for now, remains the Federal Reserve’s taper acceleration plans. Cardano (ADA) may rally by nearly 30% in the coming days as it hints at forming a classic bullish reversal pattern. Sharp ADA rebound underway Dubbed “triple bottom,” the pattern typically occurs at the end of a downtrend and…
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The bearish setup appears amid growing divergence between the Ether price and momentum. Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support level, risks of…
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Nonfarm payroll data shows the worst U.S. jobs gain in seven months, limiting concerns of Federal Reserve tapering this year. The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed…
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