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Bitcoin is attempting to reclaim the $20,000 region while the stock market records its biggest weekly decline since June 2022.
US SEC Chairman: Securities law is the 'gold standard' of capital markets and most cryptocurrencies must follow
The famous author of the best-selling book “Rich Dad Poor Dad”, Robert Kiyosaki, urges investors to get into crypto right now and predicts the biggest economic crisis in the history of the world. going to happen. He emphasized: “Now is your time to get into crypto.”
Since September 9, Bitcoin price has subtly broken out, posting gains of nearly 16% and recovering towards a long-term descending trendline with resistance at $23,000.
Looking at the daily timeframe, Bitcoin bounced back from the key $18k support level once again and briefly raced above the $20k mark last week. The price has now reached the 50-day and 100-day moving averages, converging around the $22K area
Wishing all my dear people a happy and favorable start to the working week. ...😍😍
“Major downtrend line is broken. The bullish short squeeze confirmation is a break of the $20,700-20,800 resistance. Then we should see $22,500-23,000. Disable short squeeze idea on drop below $19,500 and confirmation is a break of $19,000.”
US Fed will blow the housing market away when quantitative tightening begins – Crypto will be a safe place
“It has been 300 days since BTC peaked at $65,000. Which means this bear market is coming to an end. Historically, BTC bear markets tend to find absolute bottoms about 365 days after the previous bull market peak.”
Bitcoin is making another attempt to break above the descending resistance line. If successful, it can rise to the support/resistance area near $22,00.
At the time of writing, Bitcoin is down nearly 4% in 7 days and is trading at $20,414 after sliding to the $19,000 region once again.
Strong Bitcoin-Asian Stock Correlation Shows Regulatory Urgency. International Monetary Fund (IMF) data shows a deepening relationship between the cryptocurrency and equity markets in Asia.
In theory, Bitcoin should act as a hedge against inflation. That's thanks to advantages such as ease of access, limited supply, and impossibility for central banks to manipulate.
Data from TradingView shows BTC hitting a low of $19,824 last night following hawkish comments from the US Federal Reserve (Fed).
Bitcoin price has dropped more than 8% since Powell's speech, sliding from highs around $21,880 to lows near $20,000 before recovering to current levels.
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Who to follow
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Εθνικό Ιστορικό Μουσείο/National Historical Museum
@athens_nhmuseum -
Alex Bores
@AlexBores -
FM Siete Antofagasta
@fm7antofagasta -
Praying Grandma
@GrandmaPraying -
novski
@novski -
Maran Deb Nath
@maran1233 -
Nads
@Nadiajayx -
Stark
@SirMrStark -
SteVelocidad
@kkcentex -
Ginko
@ginko_777 -
THEBIGBULL
@idontgiveup21 -
Oxygen
@Holteser -
Gamaliel garcia
@Gamasurfer -
FearNoDiesel
@AKdieselman
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