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 near steady in early U.S. trading Friday. A bull flag or bullish pennant pattern appears to be forming on the daily chart. The BC bulls have the firm overall near-term technical advantage amid a price uptrend in place on the daily bar chart. The path of least resistance for prices remains sideways to higher. Stay tuned!
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Crypto market win-streak comes to an end as Bitcoin slides to support at $20,800The cryptocurrency market saw a pullback in prices during trading on Wednesday as several major announcements brought an end to the multi-day streak of price gains.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin exchange supply maintains the drop, but will BTC’s resurgence change its fortuneSupply on centralized exchanges remains depleted despite an increase in Bitcoin network activity. Bulls might need to keep a cool head as 30-day SMA addresses had not finalized surpassing the 365-day SMA. The dishonesty of FTX, accompanied by the havoc experienced in 2022, led many Bitcoin [BTC] holders to switch to self-custody. However, other unaffected […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin Exchange Balance hits 4-year low: How will this impact BTC?Glassnode chart revealed that Bitcoin was experiencing a low exchange balance. The current downtrend might be indicative of a bull trend rather than a bear trend. After the FTX meltdown, Bitcoin [BTC] began a rally that saw its value increase by over 25% and make up for the losses. The rest of the cryptocurrency market […] 'Not your keys, not your coins.' ---- This campaign has been ongoing for years. It is only now just registering with most, in light of recent events. Low balances mean that a lot of people are self-custodying their corns, keeping from being part of another future FTX snafu. 🤔
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin [BTC] investors embrace risk-on approach, but beware of hidden risksBitcoin investor appetite has resumed, according to multiple indicators. However, there is still a risk for BTC’s downside. As per a CryptoQuant analysis on 19 January, multiple signals were determining the start of Bitcoin’s [BTC] next bull run at press time. One of the biggest observations was that BTC’s holders shifted their coins from the […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: Here’s how the tides have changed for BTC despite sharks’ inputStablecoin inflow has been met with a decrease in Bitcoin reserves. Whales behavior could help BTC regain bullishness provided the UTXO value bands maintain status quo. The euphoria around Bitcoin [BTC] might have come to an abrupt end after the king coin failed to register significant gains for the first time in the new year. […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin bulls hold near $21K as the crypto market shows resilienceCryptocurrency prices have managed to hold onto recent gains as Bitcoin bulls attempt to defend the $21,000 support level while altcoins start to trend higher.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »