We offer you a wave analysis of the main cryptocurrency pairs: BTC/USD, LTC/USD, EOS/USD, ETH/USD and XRP/USD. For more information about each cryptocurrency, see the video review. The review presents the markup of each of the above instruments on a daily and eight-hour timeframe. The video review also provides forecasts for possible further movement on…
Read More “Wave analysis of the main cryptocurrencies for November 21” »
On Wednesday, the cryptocurrency market moved to a technical correction after updating on the eve of historical highs. The increase in producer prices in the United States coincided with expectations and did not become a reason for further growth in inflation expectations, but it can be provided by today’s report on consumer price dynamics…
On Tuesday, September 9, the BTC/USD pair declined by 0.86% to $66947. After a 14 percent increase, buyers took a break. Avoiding risk caused the strengthening of the dollar in the global currency market, which also negatively affected cryptocurrencies. On Wednesday, November 10, the bitcoin exchange rate dropped to $66222. Buyers hold the defense…
During the turbulence in the cryptocurrency market, it is necessary to remember that a correction from the maximum marks by 20-30% is quite a typical situation for digital assets. Thus, there is no reason to panic: BTC continues to move in the ascending channel, which was formed back in July and within it, the…
Read More “Bitcoin: correction continues, but there are reasons for optimism” »
On Wednesday, November 10, at the end of the day, bitcoin fell by 3.08% to $64882. The daily price range was $6,177 or 8.95% from the top. It was by this amount that the bitcoin exchange rate fell after updating the maximum by $ 69,000. The surge in market volatility occurred after the release…
Read More “Bitcoin was caught between a rock and a hard place” »
In the USA, a record increase in consumer prices has been recorded since 1990! None of the professional economists foresaw that things were so bad and that in annual terms its growth accelerated to 6.2%. The mantra about the temporary nature of the phenomenon also looks like a mockery – the price increase affected…
It may well be that yesterday we saw the beginning of the most important battle for trust in the financial system. The acceleration of price growth in the US to 6.2% YoY after short fluctuations can be regarded as a loss of control of the Federal Reserve over inflation. Apparently, such assessments of the situation…
Read More “The real battle of the dollar and cryptocurrencies has just begun” »
On Thursday, November 18, at the end of the day, bitcoin fell by 5.72% to $ 56,891. On Friday, November 19, the price dropped to $55,600. The correction continues to deepen. Sellers have updated the October low. The BTC/USD pair has fallen by 19.4% since its historical high. The drop was about 2% per day….
On Tuesday, the bitcoin price updated its historical maximum, reaching $ 68,444. In its weekly report, Glassnode notes that investor confidence is at its peak amid the continued growth in the price of the main cryptocurrency and the improvement of intra-network indicators. Bitcoin has overtaken Tesla (NASDAQ:TSLA) and Facebook (NASDAQ:FB) by market capitalization. The…
Read More “BTC/USD forecast. Bitcoin has updated the historical maximum” »
The correction to the lower boundary of the ascending channel continues. While there are no signals for a reversal, rather the opposite – apparently, the rebound from the recent local minimum is only a short-term respite before going to the level of $ 54 thousand. Leaving below $56 thousand from the current levels can…
Read More “The potential for BTC decline is still present” »
