BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

The United States equities markets have made a bullish start to the new week. The S&P 500 is up about 2.60% and the Nasdaq Composite has rallied more than 3%. This indicates that the markets have shrugged off September’s high inflation reading and shifted focus onto the third-quarter earnings. The stock market’s recovery could pave the way for Bitcoin (BTC) to break out of the range it has been stuck in for the past several days. A positive sign for the bulls is that the amount of Bitcoin held in…

‘No emotion’ — Bitcoin metric gives $35K as next BTC price macro low

Bitcoin (BTC) is showing textbook macro bottom signs in a “business as usual” bear market, data suggests. In fresh findings published on Oct. 13, popular Twitter trader Alan revealed that BTC price action is closely mimicking prior cycles. Trader on Stoch data: “Don’t be shaken out” While some are concerned about the current state of Bitcoin and crypto markets, on-chain indicators have long suggested that the 2022 bear market is comfortingly similar to previous ones. Eyeing the one-month stochastic chart for BTC/USD, Alan highlighted Bitcoin repeating a structure common to…

BTC to outperform ‘most major assets’ in H2 2022 — Bloomberg analyst

Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom. In an Oct. 5 Bloomberg Crypto Outlook report, McGlone says while the rise of interest rates globally is putting downwards pressure on most assets, Bitcoin is gaining the upper hand when compared with commodities and tech stocks like Tesla, with the report noting: “When the ebbing economic tide…

Bitcoin Price Forms Bullish Pattern, Why BTC Could Rally Above $20K

Bitcoin price is holding gains above the $19,000 level against the US Dollar. BTC could rally if there is a clear move above the $19,660 resistance zone. Bitcoin remained stable and consolidated above the $19,000 support zone. The price is trading above $19,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $19,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if there is a clear move above the $19,660…

The biggest Bitcoin fund just hit a record -35% discount — A warning for BTC price?

Grayscale Bitcoin Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of the total Bitcoin (BTC) supply, or over 640,000 BTC, is trading at a record discount compared to the value of its underlying assets. Institutional interest in Grayscale dries up On Sep. 23, the $12.55 billion closed-end trust was trading at a 35.18% discount, according to the latest data. GBTC discount versus spot BTC/USD price. Source: YCharts To investors, GBTC has long served as a great alternative to gain exposure in the Bitcoin market despite its 2% annual management…

Bitcoin battles whales above $22K as BTC price faces US CPI data

Bitcoin (BTC) continued to battle major resistance on Sep. 13 as markets prepared for United States inflation numbers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Serious” whales present new BTC price hurdl Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it sought to push through $22,500. Bulls had attempted to vanquish a wall of seller interest in the range just above $22,000, this proving especially stubborn and leading to an overnight consolidation phase. On-chain monitoring resource Material Indicators highlighted the struggle in a screenshot of the Binance BTC/USD…

BTC price sees new $20K showdown — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the second week of September still trying to cement $20,000 as support as bears clinch control. The largest cryptocurrency emerges from a sideways weekend with a weekly close almost exactly at the $20,000 mark — but that significant psychological level is already struggling. Expectations already favored further downside during this month — the so-called “Septembear” phenomenon which normally sees BTC price lose ground in September — and so far, there has been little evidence that this year will be different to most. BTC/USD is down 1.5% in…

BTC Miners Are Selling Moderately. Technicals Point to a Trend Reversal. Top Losers

All markets dropped following the central bank’s Jackson Hole economic symposium on Friday, with the Nasdaq down almost 4%, the S&P 500 losing 3%, and Bitcoin falling 6% for the day as well.    Source: TradingView    Powell reaffirmed the Federal Reserve’s commitment to curb inflation, stating that the Fed will continue to raise interest rates at a pace that will have “some pain” for the US economy. As for inflation, he said it is still near its highest level in more than 40 years, and that the bank will…