Gold and Bitcoin — Although we see riskier assets such as equity futures finding more bids today and traders supporting the sentiment and picking up the momentum where they left off last night, Bitcoin and gold prices are also increasing. This is primarily due to the reason that the dollar index has weakened, as we discussed previously.
Cryptocurrency
At Gold Silver Reports, we provide the latest cryptocurrency news and updates on Bitcoin, Ethereum, and leading altcoins. Stay informed with expert analysis, price trends, and market forecasts to make smarter crypto trading and investment decisions.
Bitcoin sank to a more than one-week low
Bitcoin sank to a more than one-week low, buffeted by investor skittishness ahead of a looming Federal Reserve interest-rate hike and amid harsher regulatory scrutiny of the cryptocurrency sector.
Bitcoin Price And the Prevailing Dichotomy
Bitcoin price has shattered through the $17,578 to $21,710 range as it rallied 28% between July 13 to July 20. This move has also pushed past the $22,844 resistance level and is currently flipping it into a support barrier.
Is crypto worth investing in 2022? Experts react
Crypto markets have disappointed investors and traders alike this year. Many crypto platforms came crashing down in 2022 while several top coin prices have touched new lows. Amid extreme volatility and rising inflation, it has become important for users to decide whether cryptos are worth investing in now or should retail investors look beyond cryptocurrencies. However, experts’ views differ on these questions.
Bitcoin Price and Bullish Technicals 2022
Bitcoin price has crashed 17% since April 4 and is currently bouncing off the 200 three-day Simple Moving Average (SMA) at $39,506. This downswing was a major bearish event as BTC dropped below the bullish crossover between the 50-day and 100-day SMAs.
Crypto.com Price in Trouble as Ready for 12% Technicals Correcton
Crypto.com price is offering significant sell signals. Traders should proceed with caution.
- Crypto.com price may have printed a 5th wave impulse.
- CRO price has a substantial RSI divergence.
- Invalidation for the bearish thesis will be a close above $0.492
Bitcoin Price Could Continue to Decline As on-chain Data Suggests BTC Bears Are in Charge
Bitcoin Price: Blockchain data suggests that the leading cryptocurrency may be in a sustained bear market as over 4.7 million Bitcoins are now held at an unrealized loss. Several bearish signals indicate that the bellwether cryptocurrency could continue to decline.