Bitcoin top-down analysis – 18 July 2022
Bitcoin's strength is taking place within a broader downtrend. This suggests the current rally may fade at resistance.
Page 7 of 16
Bitcoin's strength is taking place within a broader downtrend. This suggests the current rally may fade at resistance.
The Bollinger bands are squeezing ahead of tomorrow's CPI print. This should make crypto bulls very nervous.
Bitcoin approaches a critical reaction level. The cryptocurrency must overcome selling pressure here or else risk another leg down.
Weekly cryptocurrency webinar for 06 July 2022
The popular cryptocurrency collapsed during the second quarter of the year, but tries to find a floor at the beginning of Q3
The SEC has rejected the Grayscale Investments application to turn its $13bn Bitcoin trust into an ETF. Given the easy access to ETFs, this is considered a massive blow to the crypto industry. This repudiation comes despite Grayscale Investments retaining the services of Donald Verilli Jr., a top White House Lawyer from the Obama administration, to push for the approval
A prominent hedge fund defaulted on a loan, as the recent crypto plunge continue to reverberate across the industry, while SEC Chair once again called for more regulation
Bitcoin trades back above 20,000 as the oversold position normalises. However, rallies remain compelling on the short side.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.