Bitcoin and altcoins started the week in the red, but if this week’s FOMC meeting aligns with investors’ general expectations, the wider crypto market could quickly rebound.
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The rally in stocks could be giving Bitcoin price a boost, and the crypto market could see more fireworks if the Fed confirms investors’ expectation that rate hikes will slow down.
Bitcoin’s chart shows a tug-of-war between bulls and bears, and this is having a slight impact on the upward price action of most altcoins.
Bitcoin (BTC) hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Concern over BTC liquidity”exploit” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ...
Bitcoin and select altcoins have risen above stiff overhead resistance levels, signaling that the bottoming process may have begun.
Bitcoin (BTC) stayed near $19,000 at the Jan. 13 Wall Street open as traders hoped a week of swift gains would stick. BTC/USD 1-da candle chart (Bitstamp). Source: TradingView BTC price “breakout or fakeout remains to be seen” Data from ...
A rally in equities markets is providing support to BTC and altcoins, but bulls will likely struggle in keeping the momentum needed to turn overhead resistance levels to support.
Bitcoin and select altcoins are showing signs of starting a sustained recovery over the next few days.
The DXY has turned bearish and that could prove to be a boon for SPX, cryptocurrency and Bitcoin.
Bitcoin and select altcoins remain under pressure as bounces off support levels are being sold into.