The Range Is Intact. Is Bitcoin Preparing for a Massive Breakout? This week, the U.S. Federal Reserve decided to keep interest rates on hold for the fifth time in a row, as it was widely anticipated by market participants. Bitcoin took this pretty hard initially and dropped as low as $115,700. However, by the end […]
EUR/USD: Bullish Pressure Subsides, Support Under Attack The week ahead will be governed by U.S. data, with all the Big Three in focus: inflation, jobs, and the interest rate announcement. Unless there are major surprises, the rate won’t budge from the current 4.50% and Trump’s disappointment with Fed Chair Powell will continue. According to the […]
Rangebound Trading: Breakout or Breakdown? After printing a fresh All-Time High (ATH) on July 14, Bitcoin started to move sideways, possibly preparing for another leg of the uptrend. Some of the other altcoins have already started corrections, which saw them retreat farther away from recent highs. In recent days, Bitcoin has been outperforming all major […]
EUR/USD Breaks Long-Term Trend Line. Are the Dollar Bulls Back? The greenback is riding on a bumpy road, with clouds of uncertainty still covering the landscape. President Trump’s policies have weighed on the dollar, and the tariffs have started to make their presence known, as shown by last week’s Consumer Price Index that came in […]
Ancient BTC Whale Wakes Up, Moves 80K Bitcoin On July 14, Bitcoin hit a new All-Time High (ATH) at $123,236 (Bitstamp data) after a 6-day rally that started after a breakout from around $110K. Although the bullish pressure is still massive, there are signs that a correction may be next. During the last couple of […]
The Dollar Tries to Make a Comeback. Long-Term Trend Line Tested. The greenback strengthened against most of its major peers last week, but overall, volatility was low, although tariff jitters started to creep back in. The latest countries hit with higher tariffs are Canada, Mexico, and the EU. On Saturday, President Trump announced 30% tariffs […]
RSI Warns Of Pullbacks. Can The Bulls Push Through? The Bitcoin bulls are roaring and pushing the price higher on the back of increasing institutional adoption and easing concerns regarding tariffs. The OG cryptocurrency just surpassed its previous All-Time High (ATH) and printed a new ATH at $117,000. The tariff situation remains red hot; however, […]
EUR/USD at Multi-Year Highs. RSI Warns of Potential Pullback The U.S. jobs market continues to be resilient, as shown by last week’s Non-Farm Payrolls report, which surpassed economists’ forecast of 111K jobs. The actual reading was 147K, and the unemployment rate dropped to 4.1% from 4.2%, while the forecast was an increase to 4.3%. The […]
Rate Cut Hopes Evaporate. Could This Hinder Bitcoin’s Rally? Bitcoin managed to break out of the symmetrical triangle that confined it since late May, showing renewed interest from almost all market participants. The main driver of the recent bullish cycle seems to be the strong performance of Bitcoin spot ETFs. These investment vehicles registered 15 […]
EUR/USD Uptrend Sees Fresh Gains. RSI Warns of Pullback The greenback finished last week deep in the red, falling to multi-year lows against the Euro amid tensions between President Trump and Fed Chair Powell. The former is expected to nominate a successor to the Fed helm even though Powell is still supposed to be the […]