đUpdated the recent high and even managed to reach the psychological milestone of 50K, but it has not been broken through yet, and this is crucial!
âïžThe current movement still constitutes the second test of the -27% Fibonacci zone. To continue the upward trend, it is necessary, at a minimum, to surpass the 51K level, and ideally, firmly establish above it.
â ïžToday, data on the Consumer Price Index (CPI) in the US is being released â an important indicator in measuring inflation. The Federal Reserve's further course regarding monetary policy will depend on this data. If things go poorly, the market will react accordingly â with a BTC bounce from the -27% Fibonacci zone and a decline.
Therefore, it's better to make trading decisions based on these indicators. Let's observe; the data will be released today at 16:30 MSK. Forecast â 2.9%, current indicators â 3.4%.
Bitcoin dominance: 53.94%; Fear and Greed Index: 79 (extreme greed); Altcoin Season Index: 47; Market capitalization: $1.82 trillion.
đUpdated the recent high and even managed to reach the psychological milestone of 50K, but it has not been broken through yet, and this is crucial!
âïžThe current movement still constitutes the second test of the -27% Fibonacci zone. To continue the upward trend, it is necessary, at a minimum, to surpass the 51K level, and ideally, firmly establish above it.
â ïžToday, data on the Consumer Price Index (CPI) in the US is being released â an important indicator in measuring inflation. The Federal Reserve's further course regarding monetary policy will depend on this data. If things go poorly, the market will react accordingly â with a BTC bounce from the -27% Fibonacci zone and a decline.
Therefore, it's better to make trading decisions based on these indicators. Let's observe; the data will be released today at 16:30 MSK. Forecast â 2.9%, current indicators â 3.4%.
Bitcoin dominance: 53.94%; Fear and Greed Index: 79 (extreme greed); Altcoin Season Index: 47; Market capitalization: $1.82 trillion.
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoinâs creator, Satoshi Nakamoto, originally described the need for âan electronic payment system based on cryptographic proof instead of trust.â Each and every Bitcoin transaction thatâs ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Thatâs by design: Core to their decentralized nature, Bitcoins arenât backed by the government or any issuing institution, and thereâs nothing to guarantee their value besides the proof baked in the heart of the system. âThe reason why itâs worth money is simply because we, as people, decided it has valueâsame as gold,â says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothersâor maybe the next Silverado?âechoed through the canyons of Wall Street as investors prepared for the worst.
