Crypto bulls try to encourage buyers

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto bulls try to encourage buyers
FxPro | 869天前

Bitcoin has added 1.4% in the last 24 hours, reaching the 16.7K level. It is a new attempt to test the 50-day moving average on a general lull and an effort by the bulls to paint a more optimistic technical picture with less strength while liquidity remains depressed.

This tactic is already successful, as the total capitalisation exceeds 800 billion (+1.6% in 24 hours).

The current dynamic looks like an attempt to draw a line under a bearish 2022. We also note that the December lows were higher than the November lows. But to argue for a reversal, it is more prudent to wait for a renewal of the local highs rather than relying only on the waning declines.

Closing the day above the 50-day average (around 16750) might give new momentum to the upside, and consolidation above 17K might be notable news in the quiet information flow and serve as a decoy for the bulls.

At the same time, we recall that since July 2022, overcoming the 50-day average served as a trigger for selling on impressive volumes, and bitcoin soon renewed lows.

By the FxPro Analyst Team

規則: FCA (UK), SCB (The Bahamas)
read more
ATFX Market Outlook 21st May 2025

ATFX Market Outlook 21st May 2025

On Tuesday, Federal Reserve officials warned that U.S. tariff hikes could drive prices higher, though it remains unclear whether the impact on inflation will be short-lived or persistent. U.S. stocks declined, ending the S&P 500’s six-day rally, as rising Treasury yields and concerns over sovereign debt weighed on market sentiment.
ATFX | 1小時47分鐘前
Dollar Falls, Pound Gains: May 15, 2025

Dollar Falls, Pound Gains: May 15, 2025

Global financial markets on May 20, 2025, are driven by central bank actions and geopolitical developments, with focus on the RBA’s press conference post-rate cut, PBoC’s LPR reduction, and potential Russia-Ukraine ceasefire talks.
Moneta Markets | 17小時18分鐘前
Dollar continues to struggle

Dollar continues to struggle

Dollar loses ground as risk-on momentum slightly fades; Focus today on Fedspeak and likely trade developments; RBA cuts rates again, aussie suffers; Gold range trades despite constructive Trump-Putin call;
XM Group | 19小時38分鐘前