Thursday, July 31, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Bitcoin worth discovered help at an inverse head and shoulders sample’s neckline. The measured transfer factors to extra upside for Bitcoin.

by SB Crypto Guru News
July 4, 2023
in Analysis
Reading Time: 2 mins read
0 0
A A
0


Bitcoin worth discovered help at an inverse head and shoulders sample’s neckline. The measured transfer factors to extra upside for Bitcoin.
  • Bitcoin worth discovered help at an inverse head and shoulders sample’s neckline
  • The measured transfer factors to extra upside for Bitcoin
  • There isn’t a vital resistance till the $48k degree

Bitcoin’s worth holds above the important thing $30k degree, and the value motion is bullish whereas above $25k. That is the extent that provided help on the current downward pattern because the neckline of an inverse head and shoulders sample rejected the value.

From a elementary perspective, Bitcoin stays bullish whereas the US greenback’s bearish pattern continues. Whereas strengthening these days, the greenback’s transfer greater is just not convincing, as mirrored by the EUR/USD alternate price nonetheless hovering round 1.10.

Yesterday, the Fed’s Chair, Jerome Powell, participated in a panel on the ECB Discussion board in Sintra. He was clear in saying that the Fed didn’t pause however skipped a price hike in June.

Whereas his feedback have been hawkish, so have been the feedback of different panelists, such because the Financial institution of England’s Governor or the European Central Financial institution’s President. Due to this fact, the greenback weak spot could dominate markets through the summer season months ought to buyers understand different central banks as extra hawkish than the Fed.

Bitcoin chart by TradingView

Did Bitcoin backside in late 2022?

One query is on each crypto investor this yr – did Bitcoin backside in late 2022?

Certain sufficient, the value motion following the December 2022 low offers bulls hope. Bitcoin’s worth motion additionally suggests {that a} main backside could be in place.

An inverse head and shoulders sample factors to extra upside. The truth that the market retested the neckline and was rejected by it reveals that bulls are nonetheless in management. In different phrases, the value motion reinforces the bullish case.

Lastly, now that Bitcoin’s worth is on the yr’s excessive, there isn’t a vital resistance till $48k. That is the 2022 excessive, and it appears to be like just like the market is constructing vitality to interrupt greater.


Share this text

Classes



Source link

Tags: BitcoinBitcoin NewsCrypto NewsCrypto UpdatesInverseLatest News on CryptomeasuredMovenecklinePatternspointsPriceSB Crypto Guru NewsShouldersSupportupside
Previous Post

Slovakia Parliament approves reducing of crypto taxes

Next Post

Introducing The Chief Lightning Officers, Devoted To Bitcoin Adoption By way of Schooling

Related Posts

SUI price outlook: bulls on edge as 3M token unlock looms

SUI price outlook: bulls on edge as $173M token unlock looms

by SB Crypto Guru News
July 31, 2025
0

Sui gained 7% in the past day to $3.94 intraday high. A massive unlock on August 1 sparks fears of...

Bitcoin Price Sets Sights on a New Climb – Momentum Building Again

Bitcoin Price Sets Sights on a New Climb – Momentum Building Again

by SB Crypto Guru News
July 31, 2025
0

Bitcoin price is still above the $117,500 support zone. BTC is rising and might attempt to clear the $118,600 resistance...

XRP, Dogecoin, And Shiba Inu Get Major Boost From Gemini Exchange Announcement

XRP, Dogecoin, And Shiba Inu Get Major Boost From Gemini Exchange Announcement

by SB Crypto Guru News
July 30, 2025
0

After a relatively quiet week for altcoins, XRP, Dogecoin, and Shiba Inu received a fresh wave of attention thanks to...

Ether’s daily level at ,730 remains strong

Ether’s daily level at $3,730 remains strong

by SB Crypto Guru News
July 30, 2025
0

Key takeaways ETH is down 2% in the last 24 hours and has dropped below $3,800. The coin could rally...

Altcoins update: Dogecoin and Injective signal recoveries as Ethereum eyes ,000

Altcoins update: Dogecoin and Injective signal recoveries as Ethereum eyes $4,000

by SB Crypto Guru News
July 29, 2025
0

DOGE tests key support as technical setups suggest imminent breakouts. A closing above $15 might propel INJ prices to $30....

Load More
Next Post
Introducing The Chief Lightning Officers, Devoted To Bitcoin Adoption By way of Schooling

Introducing The Chief Lightning Officers, Devoted To Bitcoin Adoption By way of Schooling

Solana worth spikes after the deBridge launch: Watch out for low quantity

Solana worth spikes after the deBridge launch: Watch out for low quantity

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.