Bitcoin may experience a period of stagnation before turning bullish again, according to crypto analyst Jason Pizzino, who believes that the cryptocurrency could remain in its current pattern for the next couple of months before potentially surging in late 2021 or early 2024.
Bitcoin remains on track for a massive bull cycle despite recent price decline, as indicated by broader indicators of its price patterns and the use of logarithmic growth curves. The 200-week moving average is seen as less significant as a key price support level for Bitcoin, and the analyst is also looking for an entry point for Ethereum.
Bitcoin experienced a dip in price after the U.S. Federal Reserve Chair hinted at the possibility of an interest rate hike, but an on-chain indicator suggests that Bitcoin is undervalued and presents a good opportunity for long positions in the coming week.
The Federal Reserve's plan to raise interest rates could lead to increased sell pressure on Bitcoin, potentially pushing its price down to the $25,000 range, although the impact may be limited due to consolidation and caution among traders.
The US Federal Reserve's actions will determine the start of the next Bitcoin bull market, depending on their monetary policy decisions and willingness to hold interest rates higher for longer.
Despite the current market conditions, a crypto strategist believes that Bitcoin (BTC) could experience a significant upward movement, potentially forming a bullish higher-low setup after a possible drop to around $23,600.
Bitcoin has been on a bull run since the Federal Reserve's $25 billion program to stabilize the US banking system, according to BitMEX co-founder Arthur Hayes, who predicts that the market will respond in the next six to 12 months.
Bitcoin (BTC) remains near a key long-term trendline as the U.S. dollar strengthens, with market participants predicting further downside for BTC and altcoins.
US-based institutional investors are showing increasing bullish pressure on Bitcoin, as indicated by rising buy pressure and spot trading volumes, potentially leading to a price rally towards $28,000 if the trend continues.
The Federal Reserve is expected to cut interest rates by about one percentage point next year as economic growth slows and unemployment rises, according to chief economists at major North American banks.
Bitcoin (BTC) experienced a short squeeze, leading to a rally in prices and a decline in open interest in futures and perpetual swaps trading. However, the lack of immediate bullish catalysts may cap the price recovery.
Bitcoin's hash rate is near a record high, addresses holding 0.1 BTC are at an all-time high, and the amount of Bitcoin held on exchanges is declining, indicating bullish fundamentals for the cryptocurrency.
Bitcoin's recent 5% increase after testing the $25,000 support level doesn't necessarily indicate a victory for bulls, as Bitcoin has struggled to gain momentum despite significant catalysts, while bears have their own advantages like ongoing legal cases and financial troubles for Digital Currency Group. Derivatives metrics show a lack of demand for leveraged long positions, but options markets indicate equal odds for both bullish and bearish price movements.
The recent increase in interest rates has impacted the price of bitcoin, with factors like opportunity cost, risk sentiment, and inflation expectations playing a role.
Cryptocurrency prices remained stable as inflation in the U.S. surpassed economists' expectations, with Bitcoin trading at around $26,100 and Ethereum experiencing a slight dip of 0.5%. The Federal Reserve will consider this report, among other factors, for its upcoming interest rate announcement on September 20. While inflation has decreased since June, it still exceeds the Fed's target of 2% annually. Core inflation, excluding volatile food and energy costs, decreased to 4.3% in August compared to July's 4.7%.
Crypto veteran Arthur Hayes believes that Bitcoin (BTC) can rise in price regardless of the U.S. Federal Reserve's decision on interest rates due to the government's continued spending and the shift towards hard financial assets.
Bitcoin (BTC) price rises as market remains calm over Fed interest rate policy, with traders anticipating further gains.
Bitcoin has gained 8% since the appearance of the death cross pattern on its daily chart, with traders predicting that the Federal Reserve will keep interest rates unchanged for the rest of the year.
Bitcoin, ethereum, BNB, and XRP have experienced a strong price rally in 2023, but a small cryptocurrency has surpassed them, while the Federal Reserve's interest rate decisions could impact the bitcoin price.
The positive momentum surrounding Bitcoin's price is fueled by expectations that the Federal Reserve will not hike rates again this year, while market participants remain optimistic despite the strength of the United States Dollar Index.
Bitcoin is expected to mimic its previous rally and potentially see significant gains in the near future, according to crypto strategist Credible Crypto, who points to a bullish engulfing candle pattern and the defense of a key support level as positive signs for BTC's upward momentum.
Bitcoin and other cryptocurrencies experienced a rise in value as traders made bullish bets in anticipation of the Federal Reserve's interest rate decision, though this surge may be premature.
The Federal Reserve's upcoming rate decision is expected to have little impact on Bitcoin and traditional markets, with low volatility predicted due to the central bank's data-dependent stance and lack of surprises anticipated.
The US Federal Reserve holds interest rates steady at 5.25% to 5.50%, projects higher rates for next year, and expects stronger economic growth, causing a slight drop in Bitcoin's price.
Bitcoin and other cryptocurrencies experienced a decline after the Federal Reserve decided not to raise interest rates, suggesting that significant gains may not be anticipated in the near future.
The Federal Reserve's decision to hold interest rates at their highest in over 20 years is posing a "nightmare" scenario for bitcoin and crypto companies, potentially leading to price chaos and further decline in the bitcoin price.
Bitcoin is poised for a bull run next year according to analyst Dave the Wave, who cites the cryptocurrency's monthly moving average convergence divergence (MACD) and logarithmic growth curves (LGC) as indicators of a maturing market and potential price increase, although short-term volatility is still possible.
Bitcoin (BTC) prices are expected to remain bearish in the short term, but analysts anticipate a significant price increase after the 2024 halving event due to past performance and long-term valuation metrics.
The Federal Reserve's interest-rate forecast is more hawkish than anticipated, with policymakers expecting to hold their key rate a half-percent higher through 2024 and cutting the federal funds rate by just one quarter-point over the next 15 months due to the economy's recent unexpected strength, despite doubts from Wall Street and rising Treasury yields.
Bitcoin and other cryptocurrencies are seeing a slight increase, but they are still facing pressure due to rising bond yields and uncertainty over interest rates and Federal Reserve policy.
Bitcoin (BTC) starts Uptober with a bullish move past $28,000, marking its best weekly close since mid-August and sparking excitement about potential price gains in October. Meanwhile, Bitcoin network fundamentals are not reflecting the bullish sentiment, as mining difficulty is set to decrease at its next readjustment on October 2.
Crypto strategist predicts that Bitcoin will enter a massive bull run and reach new all-time highs once it surpasses a key support level, but warns that bearish speculation from the stock market could decrease momentum.
Former CEO of BitMEX, Arthur Hayes, predicts that the United States government's ballooning treasury yields could lead to a new bull market for Bitcoin and cryptocurrencies, as rising interest rates may force the government to resort to mass liquidity injections.
Bitcoin's bull market is expected to reignite as the Federal Reserve is predicted to resume printing money, leading to a surge in Bitcoin's price, according to BitMEX founder Arthur Hayes.
Bitcoin's price is increasing despite a mixed market for cryptocurrencies and spiking bond yields.
Bitcoin could face difficulties in the long term due to tightening liquidity in the current macroeconomic environment, according to crypto analyst Nicholas Merten. Merten believes that Bitcoin's price is heavily influenced by monetary policy and warns that if sentiment turns bearish, investors may start cashing out.
A spike in interest rates has negatively impacted stocks and bonds, but Bitcoin may continue to rise regardless of the rate changes.
Bitcoin's price reacted positively to the US Bureau of Labor Statistics' release of the September non-farm payrolls report, with an on-chain indicator suggesting that BTC is in a prime position for bullish price action in the upcoming weeks.
Bitcoin is showing a bullish signal as US long bonds decline, with crypto analyst Jamie Coutts suggesting that the digital asset could enter a new bull cycle once it surpasses the $31,000 resistance level.
Investors are betting that the Federal Reserve may not raise interest rates again due to recent market moves that are expected to cool economic growth.
Bitcoin (BTC) remains stable as U.S. inflation data surpasses expectations, leading to uncertainty in monetary policy and the Federal Reserve's ability to cut interest rates; market participants are cautious about a potential upside for BTC in the short term.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 likely being the disbelief rally of the first stage, according to crypto strategist Jason Pizzino, although he acknowledges the possibility of a deep corrective move before a full-blown bull market begins.
Bitcoin is potentially in a bull market, with the recent surge to $31,000 being the "disbelief rally," according to crypto strategist Jason Pizzino, who also warns of a possible deep corrective move before a full-blown bull market.
Bitcoin's current price, which is below $30,000, presents an opportunity for investors to add it to their portfolios due to potential near-term catalysts like the upcoming halving, the possibility of approved Bitcoin exchange-traded funds, and a more accommodative Federal Reserve policy that could boost the cryptocurrency's price in the long term.
Bitcoin (BTC) has experienced a 70% increase in 2023 and could continue to climb, potentially reaching price targets of $45,000-$50,000 by the end of the year, but faces headwinds from the tightening policies of the United States Federal Reserve; Standard Chartered also predicts a year-end price of $50,000 due to reduced BTC supply from miners.
