Welcome to Kitco News' 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023.
- Bitcoin-U.S. dollar prices are slightly lower on a normal pause after hitting a four-month high Tuesday. The BC bulls have the firm overall near-term technical advantage amid a price uptrend in place on the daily bar chart. That suggests still more upside in the near term. Stay tuned!
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Bitcoin on a bullish streak in January 2023: All that’s positive for the king coin so farBitcoin may shortly match its historic 15-day winning streak if its upward price trend persisted. Around the $21,450 and $21,500 levels, Bitcoin appeared to come up against a significant obstacle. If its upward price trend continues, the first cryptocurrency in the world, Bitcoin [BTC], will soon match its historic 15-day winning run. The longest price […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin is back with a bonkA new token is up 910% since the start of the year
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Analyst: Bitcoin [BTC] bottoming like 2018, with one exceptionBitcoin is building a bottom akin to 2018, but under different macroeconomic circumstances. The index reached its highest point since 5 April, 2022, when it reached 52 on January 15, 2023. Although there are some similarities between this Bitcoin [BTC] bottom and the one before the 2019 bull run, according to Mike McGlone, senior commodity […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin’s Open Interest and demand level is key to short-term posture: Here’s whyLong and short Bitcoin positions have not been exceptionally significant, although funding rate remained positive. While the Bitcoin fear and greed index hit highs in months, the king coin will need increased demand to sustain the rally. The performance of Bitcoin [BTC] since the start of 2023 has brought confidence back into the crypto market. […]
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Bitcoin holds above $21,300 as the crypto market cap nears $1 trillionBitcoin price has managed to hold onto its recent gains and trades near support at $21,300 while the total crypto market cap looks to climb back above $1 trillion.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
If this crypto firm collapses, then a 'massive selling event' in Bitcoin would occur - Scott Melker
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