In this episode of NewsBTC’s daily technical analysis videos, we examine how Bitcoin is trading against other currency pairs and not USD. We also look at BTC against WTI Crude Oil and the S&P 500. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 28, 2022 The market continues to be shaken…
In this episode of NewsBTC’s daily technical analysis videos, we examine the recent resilience in Bitcoin compared to traditional assets like gold, oil, and the S&P 500. We also compare BTC to the DXY Dollar Currency Index and past crypto bear market bottoms. Take a look at the video below: Several weekly indicators could suggest…
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin price monthly chart and the DXY Dollar Currency Index ahead of the monthly close. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 30, 2022 We are coming down to the wire here in the month…
Mike Novogratz has once again reiterated his support for the $500,000 future prediction for bitcoin. The Galaxy Digital CEO who was recently at the Bitcoin 2022 conference held in Miami had spoken in favor of the cryptocurrency once more, highlighting the future potential of the digital asset. Novogratz gave his prediction speaking at the conference…
The value of bitcoin is currently being measured in dollar terms and this is understandable given that fiat is still the most dominant form of currency. While those in the crypto space believe this will not continue for much longer, it is still important to price the digital asset in fiat currency to show its…
Bitcoin price quoted in United States dollars has been suffering from a sharp and sudden downtrend after setting a new all-time high in November. But when quoted in Turkish lira, the top cryptocurrency kept on climbing in November and has never looked back. The result? A shocking cryptocurrency price chart you simply have to see…
The recent nerves in the stock market and macro world has caused the dollar to surges to a new 2021 high, just as Bitcoin continues to set new records. But is the greenback’s awakening a dangerous situation for cryptocurrencies, or is something else afoot? BTC Barely Reacts As DXY Taps New 2021 High Bitcoin price…
Bitcoin, Ethereum, and just about every other asset on the planet trades against the dollar on its most liquid trading pair, and the greenback is the base currency that all exchanges rates are based on. The power and influence of the almighty dollar cannot be understated, and the crypto market could soon feel the surprising sting…
A breakdown below the Descending Triangle support can technically send Bitcoin towards $20,000. Source: BTCUSD on TradingView.com A breakdown below the Descending Triangle support can technically send Bitcoin towards $20,000. Source: BTCUSD on TradingView.com Short-term fundamentals favored bears. Bitcoin’s rebound from $30,000 came when the US stock market logged its worst one-day performance since October.…
Today, Bitcoin has experienced one of its deadliest single-day drops on record in terms of dollar amount moved. And the reason behind it could be the greenback itself. Dollar sentiment is at extreme lows and crypto market exuberance is sky high – could it be time for a reversal in each asset or at the…