XBTFX

XBTFX

Previous week was one of the rare weeks where Ether outperformed Bitcoin, unfortunately in a negative way. During the week Ether lost additional $5.6B in market cap by decreasing its price by 2.3%. Selling orders continue to be prevalent on the market. Highest price reached during the week was $2.1K, while lowest price reached was $1.9K. Current charts are...

XBTFX

After a quite turbulent week, the previous week crypto market remained in a relatively calm mood. Dip buyers have still not entered the stage, as they are still weighting news from central bankers and forthcoming inflation figures. On the other hand, there are analysts who are pointing out that the bear market started at the beginning of this year, and will...

XBTFX

Last week in the news After a strong corrective week, the previous week brought some relief on the crypto market. The US and EU equities continued to trade with increased volatility, and regardless of clear bearish trend, ended Friday in the green zone. Bitcoin is holding to $30K, Ether is testing $2K support. Monetary policies of central bankers of developed...

XBTFX

Introduction of crypto currencies and blockchain technologies was one of the highest technological breakthroughs, after the invention of the Internet a few decades ago. Initial premise related to these new algorithms and their major product – crypto coins, was that they exist to replace fiat currencies and solve issues that fiat currencies had for many years since...

XBTFX

Prevailing selling orders from two weeks ago, just continued their trend in an environment of negative market sentiment. LINK started the previous week around $10 short term support line, and continued the bearish trend down to the level of $5.3. Since a clear oversold market has been reached, the coin started its short term reversal, finishing week at $7.2. RSI...

XBTFX

During the previous week ADA reached a not so nice record. Namely, the coin managed to reach its historically lowest market price at the level of $0.39, but on a positive side, at least the coin managed to increase its volatility. ADA is finishing the week around level of $0.5, with RSI moving at oversold market and MA50 moving slightly away from its MA200...

XBTFX

BNB was following general market sentiment during the previous week, so the price was pushed to the downside and to the current level of $290 where BNB is finishing the week. However, it was interesting to see that the lowest level during the week was at $209, within one single move. This indicates that there is part of the market which perceives much lower prices...

XBTFX

Previous week XRP started around $0.55 support line, however, the coin was swiftly pushed to the downside in line with general market sentiment. Lowest level reached was $0.33 when significant buy orders started to occur. It is only a guess that Ripple intervened on the market in order to stop further drop in price. After this, XRP reverted to the up side,...

XBTFX

Hard week is behind Ether, in which the coin lost almost 25% of its value, losing more than BTC. Previously, ETH made significant efforts to hold the price around the psychological line at $3K, however, with the latest move, $3K could be a target for the end of this year. Lowest price reached during the week was $1.700, and ETH is finishing this week around $2K...

XBTFX

Previous week was a second tightest week for BTC and crypto market after a drop of 17% in value within a single week. First hard week occurred during May 2021. However, the difference between these two moves is that the latest one was sort of expected. Levels of $30K were emerging on charts as a major support line where BTC was headed. But, what is emerging from...

XBTFX

Last week in the news A perfect storm are words frequently used to describe what was happening on the financial markets during the previous week. Both the equity and crypto market were traded much lower from previous levels. Major correction occurred, waiting now for dip buyers. Bitcoin is finishing week some 18% lower, Ether dropped to $2K major support. Wave...

XBTFX

It was a week full of important macro news, but the topics were old: inflation and rate hikes. For too long central bankers were turning their eyes from the amount of money they put into the system, until they reached the point where immediate and strong reaction was more than necessary. Many economists are asking if current measures should have been implemented...

XBTFX

BTCUSD is at an important inflection point and is likely preparing to make a move when the FED meeting closes in on the markets this week.