Technical reversal pattern gives a measured move target significantly below bitcoin's current price.
Cryptocurrencies and Bitcoin in particular, is often viewed as an inflation hedge, but its performance during the surge in US consumer prices does not back this trait
BTC/USD faces renewed pressure today, as its recovery effort from last week’s plunge is failing, at key technical levels
A perfect storm has hit the crypto market as it faces harsh headwinds.
Given the recent tightening of policy, the rate adjustments and dollar support, bitcoin is facing headwinds.
Cryptocurrencies start the week with losses and Bitcoin erases around 50% from the November 2021 record high amidst broader poor sentiment
Our technical target puts bitcoin in danger of trading considerably lower.
BTC/USD had a good day on Wednesday, helped by the US Dollar’s negative reaction to the Fed decision, but rejected 40,000 and faces difficulties today
Bitcoin has dropped out of an ascending wedge. Dollar support is weighing heavily on the Cryptocurrency.
Bitcoin is starting to show weakness, dangerously falling out of a continuation pattern.
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