Bitcoin top-down analysis – 15 August 2022
Bitcoin looks to be setting up for another lower peak in its primary trend.
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Bitcoin looks to be setting up for another lower peak in its primary trend.
Bitcoin's strength is taking place within a broader downtrend. This suggests the current rally may fade at resistance.
DOGE/USD jumped on Friday, after a helpful tweet from Tesla’s CEO and starts the current week on the offensive
The crypto world was taken by storm following the rapid collapse of the TerraUSD stablecoin. For years, investors assumed stablecoins were nearly impervious to collapse, which is why they earned the name "stablecoin." However, that's exactly with one of the world's top cryptocurrencies, which has fallen more than 99%. Experts are already calling this the biggest crypto crash in history, with Terra's demise being compared to the collapse of Lehman…
ETH/USD is on the back foot today and heads towards the eight straight negative week, as ECB’s Lagarde and other speakers have slammed cryptos, in the aftermath of their recent rout
Over the last two weeks, the dollar pullback has played a role in stabilising bitcoin. However, the greenback's overbought condition has normalised, paving the way for a potentially higher dollar. If so, this will act as a headwind for cryptocurrencies.
Bitcoin is threatening to break down after six days of consolidation.
ECB President Lagarde adds to calls to have the crypto market regulated.
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