Bitcoin prices have suffered some turbulence lately, dropping under $30,000 and reaching their lowest since July. "Bitcoin has fallen alongside global markets as traders and investors risk off in the face of recession and inflation concerns," stated Scott Melker, a crypto investor and analyst who is the host of The Wolf Of All Streets Podcast. more...
Bitcoin prices have experienced some noticeable volatility, repeatedly moving past $40,000 but failing to stay above that level. The daily price broker Ichimoku cloud to below for the primary bearish reversal to be started: the price is crossing 38,532 support level to below for 37,695 and 37,152 targets to re-enter for the primary daily bearish trend to be continuing. Alternatively - the price will be on the secondary ranging waiting ...
Q1 hasn’t been easy for investors. Of course, Bitcoin as a high beta asset hasn’t been immune to the drop in stocks, falling over 13% (at the time of writing) from three months ago. Daily price broke ichimoku cloud to below for the breakdown with the primary bearish reversal: the price is testing 39,167 support level to velow for the primary bearish trend to be started with 37,152 level as a possible next target. more...
Q1 hasn’t been easy for investors. And as we look ahead to what is in store for crypto markets in Q2, we can still believe that “macro matters” in the sense that tighter financial conditions and slowing economic growth are serious headwinds. The de-leveraging and liquidity draining impact of the Fed’s policy shift will likely cap any serious rise in crypto prices, but in the face of that, there are a few fundamental and regulatory points for long term investors to be excited about. ...
Bitcoin is finding a couple of levels of resistance difficult to break, leaving it vulnerable to further losses. more...
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