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Showing posts with the label Bitcoin
Federal Reserve chairperson Jerome Powell throws a scrap to speculation and Bitcoin, says both cuts and hikes are not on the cards, but biased towards a cut at some point in the 'future'. Never mind climate change/droughts and perpetual wars. Bitcoin under pressure, falls through is 60K price support.
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Bitcoin is turning out to be a decent risk averse gauge. THe quintessential crypto 'coin' is stuck within its trading ranges, below the price resistance of 69000
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self explanatory chart: Bitcoin fails to break 73000, falls over 3%, collapses through its 69k psychological support. Heading towards bull trap ranges of 65k and 63k, support at 64K. It's All about U.S. Dollar strength, inflation gauges all trending higher and short end yields jumping.
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Bitcoin (BTC) short squeeze rally pumps 11% on a so called supply shock through Coinbase exchange, and BlackRock selling $millions of their BTC ETFs per day.
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Federal Reserve chairman Jerome POwell lights up speculation again, underwrites Bitcoin by offering to the markets that the Fed will make three rate cuts in 2024, despite high PPI and CPI and employment readings. because of a China recession?
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self explanatory chart: Bitcoin (BTC) bull traps at 65800 and 63500. Note 24 hr volume, up over $700 million in capitulation.
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Bitcoin crash wipes out ETF and BTC derivative positions. Millions $ unwind.
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Bitcoin resumes its relentless selling as money pours out of BTC ETFs and BTC holders. WIth 64000 price support looming. The question or lesson from the Crypto wipeout in 2022. Is how will the crypto/BTC exchanges hold up? Liquidity wise? Did it fall under the radar of the Federal Reserve again?
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Bitcoin sells off on higher US Producer Price Index, blowing out to 0.6% from 0.3% in January 2024. Yields and USD spike, sending the NASDAQ and BTC down from record highs.
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Bitcoin is so overbought, it is almost beyond words. Almost...
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self explanatory chart: Orderly sell off or crash? Bitcoin Price resistance at 69000, support at 60000.
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Bitcoin (BTC) closes in on $69000 per coin As Billions are flooding into BTC and other cryptos, crashing the glitchy COINbase exchange, showing up as "zero" worth accounts. BTC is now in extreme bubble territory, trading into no-mans land.
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self explantory chart: Bitcoin collapses over 5% since Blackrock and other 'funds' get ETF approval from the SEC for Crypto. More so Bitcoin is under pressure, which is a crypto bellwether. Piercing through the 41290 support. Watch for 34490.
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Bitcoin surges to 49000, then collapses over 3% as the SEC approves a ETF backed Bitcoin 'asset'. Setting off a fee war between major funds, including BlackRock, as they begin to cut management fees (and staff) to attract buyers. Timed with market uncertainty, BTC could drop to 29,000
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