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“# Bitcoin price is ‘likely starting the next push up’ if $42K holds as support ” The cryptocurrency market remains in a state of flux as investors are once again focused on what steps the U.S. Federal Reserve might take to combat rising inflation and markets wobble as the situation in Ukraine remains tense. Data…
“# Bitcoin dips before Fed rate hike cues amid warning over $9T balance sheet ” Bitcoin (BTC) fell into the Wall Street open on Feb. 16 as markets held their breath over upcoming comments from the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Chop then breakout “makes sense” for Bitcoin…
“# Fed never did it: US Senate Banking head lashes out at Super Bowl crypto ads ” The Super Bowl advertisements by crypto companies including Coinbase, FTX, and several others ruled the social media and news headlines for their out-of-the-box approach. However, The United States Senate Banking Committee chief Sherrod Brown was not impressed and…
“# Concerns over Fed nominee may stop Senate from confirming Biden’s picks: Report ” Members of the U.S. Senate Banking committee have reportedly divided along party lines regarding President Joe Biden’s pick of Sarah Bloom Raskin as vice chair for supervision for the Board of Governors at the Federal Reserve. According to a Tuesday report…
“# Here’s why Bitcoin traders shouldn’t overanalyze US inflation data ” Analysts and pundits will scramble to find some angle to explain intra-day price action whenever important economic numbers are published and this practice is commonplace in the crypto sector. When the United States Bureau of Labor Statistics reported a 7.5% increase in the consumer…
“# Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound ” Ethereum’s native token Ether (ETH) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5. Ethereum price back above key trendline ETH price rising above its 50-week exponential moving average (50-week…
“# The US Federal Reserve is making some analysts bullish on Bitcoin again ” Signs of a steady Bitcoin (BTC) price recovery emerged earlier this week as investors shifted away from the U.S. dollar on weaker-than-expected economic data. In detail, Bitcoin’s drop last week to below $33,000 met with a healthy buying sentiment that pushed…
“# Bottom ahead? Solana paints its first ‘death cross’ as SOL losses 50% in January ” Solana (SOL) looks poised to paint its first “death cross” this week, raising fears that its ongoing selloff would continue further into February. Real selloff threat Notably, the SOL price’s 50-day exponential moving average (50-day EMA; the red wave)…
“# Ethereum price risks dropping to $2K on ‘bear flag’ setup ” Ethereum’s native token Ether (ETH) will extend its 30% slump this year to the lowest price level since July 2021, if a textbook technical indicator plays out. Ethereum chart paints bearish pattern ETH’s price fell to its six-month low of $2,159 on Jan….
“# Terra (LUNA) at risk of 50% drop if bearish head-and-shoulders pattern plays out ” Terra (LUNA) may fall to nearly $25 per token in the coming weeks as a head-and-shoulders (H&S) setup develops, indicating a 50% price drop, according to technical analysis shared by CRYPTOPIKK. H&S patterns appear when the price forms three peaks…