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BTC Is Approaching Oversold for the First Time Since 2023

May. 03, 2024

Block Pledges 10% of Profits to DCA Bitcoin Strategy. After the top at $73,794, Bitcoin started to fade and constantly printed lower highs and lower lows, a clear sign that the market was exhausted. But after all, this is normal behavior after the furious rise that started around $25,000, and the slow grind south does […]

Sticky Inflation May Push Rate Cuts Further Down the Road

Apr. 29, 2024

Non-Farm Payrolls in the Spotlight: A Week of Critical Economic Updates. The Core PCE (personal consumption expenditures) Price Index surpassed analysts’ expectations, rising 3.7% in the first quarter, while the forecast was 3.4%. Some have even suggested that further tightening might be in order but there’s probably a very slim chance of that happening. What […]

Crypto Whales Stir the Waters, Making a $1.3 Billion Splash

Apr. 26, 2024

Is The ETF Craze Drying Out? It looks like the whales are waking up and feeling hungry again. Is it time to prepare for another Bitcoin surge, or maybe we are looking too much into this stuff? In a massive move, whale accounts, dropped $1.3 billion in USD Coin to Coinbase last Thursday. This eye-catching […]

Inflation Watch: Preparing for PCE Data Release

Apr. 22, 2024

Exploring the technical dynamics as EUR/USD tests key support. Last week’s price action was sluggish, to say the least, with EUR/USD opening at 1.0635 and closing the week only 15 pips higher, at 1.0650. The high was 1.0690, so the entire week was slow, mostly due to the economic scene being lacklustre. The Fed will […]

The Halving Is Upon Us: Less Than a Day to Go

Apr. 19, 2024

Bitcoin Struggles at Resistance. How Will the Halving Affect it? This week marks a significant event for Bitcoin—the upcoming halving, which will slash the mining reward from 6.25 BTC to 3.125 BTC per block. This adjustment is expected to shake up the mining world, with some predicting that less profitable miners may leave the network. […]

Inflation Fears Fuel Dollar Rally: A 2024 Surge

Apr. 15, 2024

Dollar Strength Tests Key Euro Support Zones The U.S. Dollar Index (DXY) is on the rise, showcasing its strongest performance since early November, with a significant 4.6% increase since the start of 2024. This surge comes as persistent inflation concerns fuelled speculation that the Fed might hold on to the current rates longer than anticipated. […]

The Impending Shift in Crypto Markets: Altseason Next?

Apr. 12, 2024

The Shape of Change: Bitcoin and the Symmetrical Triangle. Leveraged Bitcoin traders, you’d better brace yourselves because the Digital King approaches a pivotal moment that could send prices veering in unpredictable directions. Recently, there has been a surge in leverage within the market, leading to market makers capitalizing on heightened emotions and erratic trading behaviors. […]

Non-Farm Employment Overshoots Again. CPI Coming Up

Apr. 08, 2024

EUR/USD Drifts on the 50 MA. Where to Next? Friday’s data revealed that U.S. job growth significantly exceeded March expectations, and wages grew steadily, indicating a strong economy at the end of the first quarter. The actual number of new jobs was 303K, far above the forecast of 212K. A healthy job market suggests that […]

Bitcoin’s Bumpy 2024: A Tale of ETFs, Halving and Inflation

Apr. 05, 2024

Bitcoin Cash Completes its Halving. Bitcoin’s Countdown Has Started! Welcome to the whirlwind that is Bitcoin in 2024! The price of Bitcoin dropped below $65,000 this week; to put things in perspective, on Monday it was trading above $71,000. Between mid-February and mid-March, Bitcoin saw its biggest climb, thanks to spot ETFs (Exchange-Traded Funds) aggressively […]

Pre-NFP Rally: Dollar Climbs as Rate Cut Hopes Dim

Apr. 01, 2024

EUR/USD Bangs on Support Ahead of German Inflation, U.S. Jobs Data. Despite discussion about aggressive rate cuts in early 2024, the US Dollar is displaying superiority against its counterparts in the US Dollar Index (DXY) and making hefty advances against its European rival, the Euro. EUR/USD finished last week right on the 1.0775 support, as […]