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Bitcoin, Ethereum Technical Analysis: BTC Sees Strong Rebound, as Biden Holds Debt Ceiling Talks
18.5.2023
Bitcoin rebounded on Thursday, as markets responded to news that U.S. President Joe Biden held positive talks regarding the debt ceiling. Biden reportedly met with Republican House Speaker Kevin McCarthy, in a bid to find an agreement. Ethereum also rose, moving back above $1,800. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $27,000 as US Debt Ceiling Fears Grip Markets
17.5.2023
Bitcoin fell below the $27,000 level on May 17, as market uncertainty remained high amidst the debt ceiling crisis in the United States. Congress continues to negotiate terms of a potential increase to the limit, before the U.S. government runs out of cash on June 1. Ethereum also dropped, breaking...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Retail Sales Data
16.5.2023
Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level. Bitcoin Bitcoin (BTC)...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, Climbing Back Above $27,000
15.5.2023
Bitcoin was back in the green on Monday, as prices climbed back above the $27,000 level to start the week. Prices slipped to a two-month low over the weekend, however momentum has marginally shifted. Ethereum was also higher today. Bitcoin Bitcoin (BTC) jumped back above the $27,000 level to start...
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, as Bulls Enter the Market
13.5.2023
Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in price. Saturday’s move came as the cryptocurrency rebounded from a recent support point, after yesterday’s breakout. Ethereum was also higher, climbing above $1,800. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Plunges Under $27,000, Hitting 7-Week Low
12.5.2023
Bitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Friday’s decline came as a red wave swept through cryptocurrencies, with the market cap down 2.75% as of writing. Ethereum also slipped to its weakest point since March. Bitcoin...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to Multi-Week Lows, Following US Inflation Data
11.5.2023
Ethereum fell below $1,800 in today’s session, as markets continued to react to the latest U.S. consumer price index. Inflation in the United States fell to 4.9% in April, less than the 5% sum many had expected. Bitcoin was also lower on the data, falling below $27,000. Bitcoin Bitcoin (BTC)...
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, Ahead of US Inflation Report
10.5.2023
Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week....
Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls
8.5.2023
Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Wednesday, as Fed Meeting Looms
3.5.2023
Bitcoin rebounded from Tuesday’s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in May’s meeting. Ethereum also moved higher, nearing $1,900 in the process....
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision
2.5.2023
Bitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision. The Fed is expected to increase rates by 0.25%, despite the U.S. economy slowing down. Ethereum also remained lower, moving close to a breakout below...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Start Week Lower, Ahead of Key Economic Events
1.5.2023
Bitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events. On Wednesday, the Federal Reserve is expected to increase rates by 25 basis points, with nonfarm payrolls for April being released this coming Friday. Ethereum was also lower...
Bitcoin, Ethereum Technical Analysis: BTC Moves Back Above $29,000, After Customers Withdraw $100 Billion From First Republic Bank
26.4.2023
Bitcoin was back above $29,000 on Wednesday, as markets continued to react to concerns over First Republic Bank. It was reported that customers withdrew around $100 billion in deposits from First Republic in March. Ethereum was also higher on the news, climbing back above $1,900. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Falls to $27,000 Ahead of US Consumer Confidence Report
25.4.2023
Bitcoin remained close to a four-week low on Tuesday, as prices fell to a support point around $27,000. The decline came ahead of this afternoon’s U.S. consumer confidence report, which is expected to fall from 104.2, to a reading of 104 in April. Ethereum was also lower, and approached...
Bitcoin, Ethereum Technical Analysis: BTC on Brink of ‘Death Cross’ on Moving Average Trendline
24.4.2023
Bitcoin started the week on the brink of a downwards crossover of two key moving average trend lines, which could signal an upcoming price drop. The 10-day and 25-day moving average look set to cross, potentially leading to a breakout of the $27,000 level. Ethereum is trading above a floor...
Bitcoin, Ethereum Technical Analysis: ETH Falls Under the $1,900 Level to Start the Weekend
22.4.2023
Ethereum started the weekend trading below $1,900 for the first time in two weeks, as cryptocurrency markets continued to fall. The global market cap is down by close to 3% at the time of writing this. Bitcoin was also in red, as it moved closer to $27,000. Bitcoin Bitcoin (BTC) was in the red...
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $28,000 as Losses Intensify
21.4.2023
Bitcoin’s downturn continued on Friday, as prices fell for a third consecutive session, leading to a move below $28,000. Market sentiment has shifted in recent days, as traders began taking profits from last week’s high. Ethereum was also lower, and is now trading around the $1,900...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $29,000, Hitting a 10-Day Low
20.4.2023
Bitcoin dropped for a second consecutive session on Thursday, as price moved towards a key point of support. Today’s sell-off has sent the cryptocurrency below $29,000, with the coin now trading at a ten-day low. Ethereum fell to a one-week low in today’s session. Bitcoin Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29,000 on Wednesday
19.4.2023
Bitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run. Following today’s red wave, prices neared a breakout below the $29,000 level earlier in the session. Ethereum also declined, falling below $2,000. Bitcoin Bitcoin (BTC) moved lower...
Bitcoin, Ethereum Technical Analysis: ETH Back Above $2,100, as BTC Rebounds From 1-Week Low
18.4.2023
Ethereum moved back above $2,100 on Tuesday, as markets reacted to the latest gross domestic product (GDP) report from China. Chinese GDP rose by 4.5% during the first quarter of the year, higher than the 4% expected. Bitcoin rebounded from earlier losses. Bitcoin Bitcoin (BTC) rebounded from...