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 […]
Support in Place: Are The Bulls Getting Ready For Massive Breakout? As the Middle East conflict cooled off, the crypto market stabilized across the board, with most of the Top 10 coins erasing a significant portion of the previous losses. The relief rally was mostly triggered by the announcement of a ceasefire between Israel and […]
EUR/USD Targets Support. Bearish Divergence Signals Uptrend Exhaustion. Over the weekend, American jets struck three of Iran’s nuclear facilities, a move which comes after days of uncertainty regarding President Trump’s willingness to engage in the conflict. It is clear now that the U.S. has joined the conflict but it remains to be seen how the […]
Bitcoin Trapped Inside a Symmetrical Triangle. Breakout or Breakdown? The markets had a knee-jerk reaction to the Fed’s decision to keep the interest rate unchanged, as was widely anticipated. What caught markets by surprise was the dialing back of the rate cut expectations by the Fed, mentioning increased inflation risks coming from President Trump’s tariffs […]
EUR/USD Breaks 1.1500. Is 1.1700 Next? The US Dollar advanced against its major counterparts on Friday after Israel bombed Iran’s nuclear facilities but overall the week was bearish. The USD is currently trading at 1.1540 against the Euro and erased some of the losses incurred earlier in the week. However, the dollar’s gains were small […]