In September, U.S. inflation rose more than expected, with the Consumer Price Index (CPI) increasing by 0.2%, slightly above economist forecasts of 0.1%. On a year-over-year basis, the CPI climbed 2.4%, compared to an expected 2.3%. Core CPI, which excludes volatile food and energy costs, also rose 0.3% for the month, in line with August’s…
In September, U.S. inflation rose more than expected, with the Consumer Price Index (CPI) increasing by 0.2%, slightly above economist forecasts of 0.1%. On a year-over-year basis, the CPI climbed 2.4%, compared to an expected 2.3%. Core CPI, which excludes volatile food and energy costs, also rose 0.3% for the month, in line with August’s…
After six days of gains, Bitcoin (BTC) experienced a precipitous drop on Wednesday, tumbling from the multi-week high of $8,460 to $7,800 in a few hours’ time. While the drop was extremely steep — 8% in literal hours — prices have remained around the high-$7,000s since, leaving many to ask what’s next for the crypto…
Bitcoin is yet again at a critical inflection point, where the days ahead may determine the trend for the coming months and potentially years in the crypto market. After a flash crash stopped Bitcoin’s parabolic advance short ahead of setting new all-time highs, many fear that the rally may be ending and will test lows…
Once Bitcoin (BTC) started to incur strong losses in the second half of 2019, analysts were once again making extremely low price predictions.Per previous reports from NewsBTC, long-time Bitcoin skeptic and CEO of Euro Pacific Capital Peter Schiff said in a tweet that the price of the leading cryptocurrency could “dump” to $1,000 to complete…
Traders, investors, and analysts are all watching Bitcoin price charts in hopes to better predict when the current crypto bear market ends and a new uptrend will resume. One particular crypto analyst believes that the Bitcoin price will continue to be squeezed tightly together until at least mid-year, as it consolidates between two important converging…
At the turn of the month, analysts were quick to check Bitcoin’s charts, checking if any of their indicators signaled that bears remained in control of the cryptocurrency market. Unfortunately for bulls, indicators did.Per previous reports from NewsBTC, November’s monthly candle close resulted in the Moving Average Convergence Divergence (MACD) — which is a “trend-following…
Bitcoin price predictions are all over the map, with some expecting the price to reach zero, while others expect beyond a million dollars per BTC.One cryptocurrency analyst has charted the asset using a logarithmic growth curve, that could provide accurate clues as to when Bitcoin price could reach prices of $100,000 or higher.Bitcoin Price to…
Ever since Bitcoin fell to its most recent local bottom of $3,400 back on February 6, 2019, the leading cryptocurrency by market cap has been in the longest stretch of uptrend since reaching its all-time high of $20,000. But as bullish momentum struggles with key resistance at $3,900, crypto analysts are calling for a break…
There are few Bitcoin traders that have been as accurate as Dave the Wave over the past year.The pseudonymous cryptocurrency trader predicted in the middle of 2019 that the price of the asset would retrace to the mid-$6,000s to enter a “long-term buying zone” after the over-300% rally that brought BTC from $3,150 to $14,000…