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Recent price action has the cryptocurrency above its 150-day EMA, and the EMA is turning up. It has spiked above $21,000. It’s possible that the sideways movement since June 2022 has been a large accumulation pattern (green rectangle).
BTC/USD consolidates today, but runs a solid week, showing resilience to news that Coinbase is laying-off around 20% of its workforce
ETH/USD has made a solid start to the new year and today it extends last week’s gains, as optimism for a fed pivot keeps the greenback on the back foot
The US Fed moderated its tightening pace last week, but sees rates peaking higher than previously expected, with the hawkish stance knocking BTC/USD down
BTC/USD rose to the highest levels in a month and past key resistance, following the moderation is US inflation, as markets now brace for the Fed’s policy decision
ETH/USD loses ground after two profitable weeks and is in a tough spot, following its failure to surpass key technical levels
The bitcoin H4 chart shows a value-type pattern. It charted a sideways distribution from the last week of October into the first week of November (blue-shaded area). After which bitcoin dropped from the 20K range to the 16K range, a decline of around 20%.
ETH/USD runs a profitable week, helped US Dollar weakness, but fails to move past critical tech levels as crypto fears persist
Over the last two weeks, Bitcoin has been in a consolidation pattern - a small ascending triangle. This pattern generally suggests continuation, i.e., a base case of a breakdown as the cryptocurrency comes under further pressure.
BTC/USD finds support today, despite the collapse of another crypto lender and hawkish remarks by Fed officials
DOGE/USD had surged after the Twitter takeover by Elon Musk, but the rally was short-lived and it runs a negative month below the $0.1 mark
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