Forex Analysis for BTC/USD

18.05.2022There is nothing new in the BTC so far. On Wednesday, the major cryptocurrency is trading at $29,852. The asset is clearly stuck inside the “flat” between $29,000-$30,000. As long as it remains here, there are chances to slide down to $20,000. At the moment, any “quick growth” scenario can...

16.05.2022The story of the BTC is developing in not the best way. However, the correctional bounce that we could see from Friday to Sunday gave some hope for acquiring balance. Today the leading cryptocurrency is near $29,706, while the low of May is set at $25,401.So, the BTC has returned to the im...

EUR/USD: On the Way to 1.0000 The dollar continues to rise, while the EUR/USD pair continues to fall. The DXY dollar index crept close to 104.9 on Thursday, May 12. The last time it climbed this high was 20 years ago. The pair found the bottom at the level of 1.0349, in the area of the lows of Dec....

EUR/USD: A week of Many Multi-Year Records Although some hotheads, such as James Bullard, the head of the Federal Reserve Bank of St. Louis, believed that the interest rate could be raised by 0.75% straight away, everything happened as the market expected. Following the May 4 meeting, the FOMC (Fe....

06.05.2022The BTC dropped after all. On Friday, the major cryptocurrency is trading at $36,435; yesterday’s low is $35,579. At the moment, the asset is moving close to the lows of 24 February.Over the last 24 hours, the BTC lost 9%.The current technical picture doesn’t exclude a possibility of a plu...

04.05.2022On Wednesday, the BTC is balancing at $38,800.Everyone is waiting. The US Fed’s 2-day meeting will be over later today and the regulator is expected to raise the rate. 100%. The question is – by how much? Average market expectations imply a 50-point hike, yup to 0.75-1.00%. this has alread...

EUR/USD: Euro Updates Five-Year Low, We Are Waiting for the Fed (FOMC) Meeting The DXY index that measures the US dollar against a basket of six other major currencies updated its 20-year high on Thursday, April 28. The reason for this growth is still the same, and we have repeatedly written abou....

27.04.2022The BTC is having tough times right now. On Wednesday, the major cryptocurrency is trading at $38,945 and trying to recover after plummeting the day before. Despite the local correction, bears are still dominating.The technical picture tells us to continue monitoring $37,000 – bears will c...

EUR/USD: Words Drive Trends The main drivers of the past week were statements by important ECB and FRS officials. However, the beginning of the five-day period was relatively calm: the Easter weekend had its effect. Unlike the United States, Europe rested not only on Friday April 15, but also on Mo....

20.04.2022The BTC is sort of reviving: the major cryptocurrency has been slowly recovering for a couple of trading sessions and trying to fix above significant resistance levels. On Wednesday afternoon, the BTC is trading at $41,438. Technically, the asset must fix above $42,300 to confirm a reversa...

18.04.2022Not much has changed about the situation in the BTC lately. Over a week, the price of the leading cryptocurrency dropped by 4.7%; on Monday, the BTC is falling down to $39,000.On the one hand the quotes remain tightly bound to the US stock indices, Nasdaq in particular, and things are gett...

EUR/USD: Fed's Apples and ECB's Oranges The dollar continues to strengthen, while the EUR/USD pair moves down. A week's low was recorded at 1.0757 after the ECB meeting on Thursday, April 14. After correction, the final chord, sounded at around 1.0808. We named three reasons for the growth of the ....

15.04.2022No changed in the BTC so far. On Friday 15 April, the major cryptocurrency is trading at $40,144. There isn’t too much activity – the Catholic countries are celebrating Good Friday today, so exchanges are closed.Yesterday, the US release a pretty good report on the retail sales – the popul...

13.04.2022So, just we suggested earlier, the BTC is choosing a negative scenario. The major cryptocurrency recovered a little bit on Friday and was trading at $40,076, but yesterday it dropped to $39,273. The key reason for that is the US stock indices slump, while the BTC has a strong correlation w...

11.04.2022The BTC still looks quite disappointing. Over a week, the leading cryptocurrency lost 7%. The capitalisation of the BTC dropped to $803 billion.The BTC quotes are depressed because of American stock exchanges: at the nearest meeting, the Fed might raise the interest rate by 50 basis points...

EUR/USD: Three reasons for the Strengthening of the Dollar The proponents of a stronger dollar won by a very small margin in the previous forecast. 50% of analysts voted for its growth, 40% were against and 10% took a neutral position. The reason for such uncertainty and disagreement was that the m....

08.04.2022The crypto market plummeted. The BTC dropped to $42,700 for the first time in two weeks and its capitalisation plunged to $825 billion. The BTC’s market share is now estimated at 39.3%. the total capitalisation of the entire crypto market is $2.09 trillion.The key reason for this decline i...

06.04.2022The cryptocurrency expectedly responded to the US stock market decline. Yesterday, American policymakers spoke and said that the US Fed’s portfolio would be cut much faster than in the past, as well as announced a possibility of a 50-point rate hike during its meeting on 3-4 May. This news...

04.04.2022On Monday, the BTC is consolidating near $46,028. The market activity has somewhat dropped.On the whole, last week was rather ambiguous for the BTC. After lots of doubts, the quotes headed for $47,000, so the goal of $51,000 remains valid. However, much depends on the international situati...

EUR/USD: Too Much Uncertainty The movement of major currencies was determined throughout March by reports from the Russian-Ukrainian front, the sanctions-energy war with Russia, and the pace of monetary tightening. The US dollar has strengthened significantly in recent months thanks to a sharp inc....

01.04.2022The BTC couldn’t continue the rising impulse to $51,000 on Friday – it corrected down to $44,858 instead. The correction was one of the possible scenarios, especially as American stock indices went down.From the technical point of view, there is nothing dramatic. However, the correction mi...

30.03.2022The BTC continues rising steadily; on Wednesday, it is trading at $47,296. Yesterday, it even broke $48,200. The last several days were quite positive for the crypto market. Positive momentum in the BTC is supported by the strengthening of American stock indices.From the technical point of...

28.03.2022Thanks for great news, BTC! The leading cryptocurrency reached all the set goals, stepped over an extremely important threshold of $46,000, and is trading at $47,024 today. What is next? Technically, the nearest resistance is at $48,300, and this is a serious obstacle that prevents buyers ...

EUR/USD: A Tangle of Chaos and Paradoxes The title of the previous EUR/USD review had a question of whether the market has gone crazy. Many analysts agreed that financial markets behaved at least illogically following the March Fed meeting. And at most, it's just absurd. Despite aggressive tighten....

25.03.2022The BTC is slowly going north but the good news is that there are more buyers than sellers. If the market succeeds in keeping the current uptrend for the next couple of days, there is a chance the asset might successfully test $45,000. In this case, the upside target will move to $46,000 a...

23.03.2022It seems like activity in the BTC revives. On Wednesday, the BTC is correcting at about $42,214; yesterday it reached $43,337. Investors found a catalyst for buying – it’s a positive sentiment in the US stock market. However, it’s too early to say that the tendency is stable: risk attitude...

21.03.2022BTC is slightly declining. Some say that the coin will remain in the range. The borders of the channel are $34,000-$42,000, but the buyers can easily proceed to $45,500. This level needs to be broken if they want to reach $46,000. If they succeed, the market may expect a stable uptrend to ...

EUR/USD: Has the Market Gone Crazy? What happened in the market after the US Federal Reserve meeting can be called "the theater of the absurd". As expected, the regulator raised the key interest rate from 0.25% to 0.5% on Wednesday, March 16, for the first time since 2018. As expected, the dollar b....

18.03.2022The BTC is falling on Friday. It improved quite well earlier to pass $40,000 but couldn’t reach $42,000. At the moment, the BTC is retreatingб following in the footsteps of other risky assets.As usual, one can say that the BTC rate is closely correlated with American stock indices. When fi...

16.03.2022This morning, the BTC was aiming at $42,000 but the bulls didn’t turn out to be strong enough. Wednesday is highly unlikely to be very volatile until the US Fed announces its rate and monetary policy decisions. It is set to happen at 18:00 GMT, and Fed Chairman’s press conference will star...