Bitcoin’s technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today’s price standing between $ 57,505 and $ 58,059 at 8 a.m. ET, oscillators and moving averages predominantly suggest a continuation of this decline. Bitcoin On the BTC/USD daily chart, the trajectory of lower highs …
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for a reduction in July. Financial Analysts Question Timing of […]
As the decision for the spot bitcoin exchange-traded fund (ETF) looms near, bitcoin’s price fluctuations embody its mercurial nature, swaying between optimistic surges and measured hesitance. It reached a zenith of $ 45,922, with Friday’s intraday value oscillating from $ 43,920 to $ 44,067. Bitcoin In the crypto trading realm, bitcoin’s activity …
As bitcoin trades between $ 40,850 to $ 41,075, investors are eyeing several charts, oscillators, and moving averages for clues about the leading crypto asset’s next move. Oscillators signal neutrality, while moving averages paint a mixed picture, indicating a critical juncture for the cryptocurrency. Bitcoin On the 4-hour chart, bitcoin’s (BTC) trajectory shows …
The price of an ounce of pure gold has approached its highest historical level this weekend, reaching $ 2,071 per ounce. This peak nearly matches its record three years ago on August 7, 2020, when during the Covid-19 pandemic, spot gold prices soared to an unprecedented high of $ 2,072.50 per ounce. Gold …