BTC UPDATE
Bitcoin broke out of the bullish flag, thatβs good, but not enough. To turn back into full Bull Mode, Bitcoin must break through the $62,000 resistance on a strong impulse (just as it did with bull flag).
The sooner it happens, the better. Otherwise we fall to $58,100 support again.
Bitcoin broke out of the bullish flag, thatβs good, but not enough. To turn back into full Bull Mode, Bitcoin must break through the $62,000 resistance on a strong impulse (just as it did with bull flag).
The sooner it happens, the better. Otherwise we fall to $58,100 support again.
The Hash Ribbons indicator potentially signals the end of #BTC miners capitulation!
CRYPTO GOOD SIGNAL.
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Morning market conditions:
The market is on plus today.
BTC is now trading around $64,030,
ETH is trading above $2,759
Bitcoin dominance: 53.36%;
Fear and Greed Index: 53 (neutral);
Altseason Index: 22;
Market capitalization: $2.37 trillion
The market is on plus today.
BTC is now trading around $64,030,
ETH is trading above $2,759
Bitcoin dominance: 53.36%;
Fear and Greed Index: 53 (neutral);
Altseason Index: 22;
Market capitalization: $2.37 trillion
Key points from yesterday's speech by Fed Chairman Jerome Powell:
βοΈIt's time to adjust monetary policy
βοΈInflation "is on track to 2%"
βοΈInvestors expect the key rate to be cut by 100 bps by the end of 2024
βοΈAll this can be considered the beginning of the transition to easing Fed policy
βοΈIt's time to adjust monetary policy
βοΈInflation "is on track to 2%"
βοΈInvestors expect the key rate to be cut by 100 bps by the end of 2024
βοΈAll this can be considered the beginning of the transition to easing Fed policy
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