Bitcoin's dangerous fall

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin's dangerous fall
FxPro | 735 दिनों पहले

Market picture

Bitcoin fell all day yesterday, losing around 6% to $27.6K, raising the question of whether we are seeing the start of a prolonged decline.

Bitcoin closed below its 50-day moving average on Monday. The price stays below that curve and is stuck at $28.0K after rising 1.3% to today. If it can't quickly surpass it again, Bitcoin's fall below $27K will pave the way for a move to $22K, where the 200-day passes, which became a turning point in March.

Twitter analyst Bluntz, who predicted a bear market bottom for BTC in 2018, expects Bitcoin to fall to $25K. In his view, the first cryptocurrency is unlikely to break $30,000 soon. BTC has completed a 5-wave and is now in a corrective A-B-C formation.

News background

Cryptocurrencies will outperform other asset classes amid the continued devaluation of fiat currencies and the ongoing banking crisis, Real Vision CEO Raul Pal said following the bankruptcy of First Republic Bank (FRB).

Peter Brandt, tech analyst and head of Factor LLC, believes Bitcoin will soon overtake all other cryptocurrencies and "bury all the imposters". He pointed to the chart of the BTC dominance index, which he believes is poised for a breakout after two years of consolidation.

According to Santiment's research, crypto asset prices in April were "very broadly dispersed" and barely correlated with each other.

By the FxPro Analyst Team

read more
Crypto hovering at altitude

Crypto hovering at altitude

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto hovering at altitude
FxPro | 10घंटे 48 मिनट पहले
Tariffs Ignite Safe-Haven Rally

Tariffs Ignite Safe-Haven Rally

Global financial markets on May 6, 2025, are stabilizing as investors await the Federal Reserve’s two-day FOMC meeting, with major currency pairs trading in tight ranges. Gold and silver rally on safe-haven demand driven by Trump’s new tariff threats and Middle East tensions, while the US Dollar holds steady despite recent weakness.
Moneta Markets | 13घंटे 50 मिनट पहले
US dollar struggles continue ahead of Fed meeting

US dollar struggles continue ahead of Fed meeting

Risk appetite on the mend despite S&P 500 losing ground yesterday; Implied volatilities drop sharply across the board; Gold rallies once again, while oil remains close to its recent lows; All eyes on US trade balance, the 10-year US auction and Trump’s rhetoric;
XM Group | 14घंटे 47 मिनट पहले
ATFX Market Outlook 6th May 2025

ATFX Market Outlook 6th May 2025

U.S. ISM Services PMI for April indicated accelerated expansion. However, the input prices index surged to its highest level in over two years, highlighting rising inflationary pressures likely stemming from tariffs. U.S. Treasury yields inched higher, while the dollar weakened against major currencies like the euro and yen as markets assessed the ongoing uncertainty surrounding President Trump’s
ATFX | 17घंटे 16 मिनट पहले