CRYPTO NEWS - Bitcoin at $49k for the Next Week
CRYPTO NEWS - Bitcoin at $49k for the Next Week
00:05 Intro
01:48 Crypto News
04:17 Bitcoin News
05:32 Ethereum News
06:15 Bitcoin Technical Analysys
06:40 Ethereum Technical Analysys
08:01 Crypto Market News
10:07 Outro
BTC higher lows remain safe
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing in a range around $47,000 as Wall St. opened Wednesday.
The pair had hit local highs of $48,785 on Bitstamp overnight but was down 3% at the time of writing ahead of a key Fed meeting.
The Federal Open Market Committee (FOMC) will begin discussions at 2 pm Eastern Time, with expectations focusing on interest rates, inflation and asset purchase tapering.
A hawkish stance is foremost in analysts' minds, this potentially causing pain for risk asset holders in the short term should the Fed's approach become less liberal.
"Markets are forward looking. Crypto even more so bc it's not under anyone's control. It's the only free market left in the world," popular crypto trader Pentoshi summarized in a Twitter discussion on the issue.
"The Fed is still adding to it's balance sheet but at a decreased rate. Smart money prepped last month. Slow money this week."
Traditional markets were similarly directionless, with the S&P 500 down 0.22% on the day.
As Cointelegraph reported, with Bitcoin underperforming compared to what many assumed Q4 2021 would look like, consensus is building that 2022 will form the market cycle peak for both BTC and altcoins.
"The panic & bearish sentiment towards BTC is extreme right now. But there’s nothing extreme about this -38% retrace," fellow trader and analyst Rekt Capital reiterated.
#bitcoin #btc #crypto
00:05 Intro
01:48 Crypto News
04:17 Bitcoin News
05:32 Ethereum News
06:15 Bitcoin Technical Analysys
06:40 Ethereum Technical Analysys
08:01 Crypto Market News
10:07 Outro
BTC higher lows remain safe
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing in a range around $47,000 as Wall St. opened Wednesday.
The pair had hit local highs of $48,785 on Bitstamp overnight but was down 3% at the time of writing ahead of a key Fed meeting.
The Federal Open Market Committee (FOMC) will begin discussions at 2 pm Eastern Time, with expectations focusing on interest rates, inflation and asset purchase tapering.
A hawkish stance is foremost in analysts' minds, this potentially causing pain for risk asset holders in the short term should the Fed's approach become less liberal.
"Markets are forward looking. Crypto even more so bc it's not under anyone's control. It's the only free market left in the world," popular crypto trader Pentoshi summarized in a Twitter discussion on the issue.
"The Fed is still adding to it's balance sheet but at a decreased rate. Smart money prepped last month. Slow money this week."
Traditional markets were similarly directionless, with the S&P 500 down 0.22% on the day.
As Cointelegraph reported, with Bitcoin underperforming compared to what many assumed Q4 2021 would look like, consensus is building that 2022 will form the market cycle peak for both BTC and altcoins.
"The panic & bearish sentiment towards BTC is extreme right now. But there’s nothing extreme about this -38% retrace," fellow trader and analyst Rekt Capital reiterated.
#bitcoin #btc #crypto
