Bitcoin's dangerous fall

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin's dangerous fall
FxPro | 1143 hari yang lalu

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

FxPro
Jenis: NDD
Peraturan: FCA (UK), SCB (The Bahamas)
read more
The Fed Has Changed the Rules of the Game

The Fed Has Changed the Rules of the Game

The Fed kept rates unchanged, but everything else turned decidedly more hawkish. Higher inflation forecasts, higher expected rates and the end of forward guidance mean markets are now on their own. Every inflation print and every job report will matter more than ever—expect volatility to become the new normal.
Headway | 1j 40min yang lalu
Today Fundamental Analysis: US stocks close lower as Fed keeps interest rates unchanged, but hints at a rate hike this year

Today Fundamental Analysis: US stocks close lower as Fed keeps interest rates unchanged, but hints at a rate hike this year

At the first FOMC meeting chaired by Kevin Warsh, the committee kept interest rates unchanged at 3.5%–3.75%. However, the Fed’s updated dot plot turned more hawkish, with policymakers now expecting higher rates in 2026. The median year-end rate forecast rose to 3.8% from 3.4% in March, signaling the possibility of at least one rate hike next year.
STARTRADER | 5j 8min yang lalu
US500 – The Fed Just Turned Hawkish, and Stocks Felt It

US500 – The Fed Just Turned Hawkish, and Stocks Felt It

The Fed just shifted gears. Instead of rate cuts, nine officials now expect a hike this year. New chair Kevin Warsh's message: beating inflation comes first. Markets reacted fast—S&P 500 dropped over 1%, the dollar surged, and yields hit a one-year high. Warsh also dropped forward guidance, so traders now watch data over Fed promises. The next move hinges on jobs and inflation numbers.
Born2trade | 5j 22min yang lalu
GBPUSD Awaits Bank of England Meeting Near April Lows

GBPUSD Awaits Bank of England Meeting Near April Lows

GBPUSD is attempting to stabilise near 1.3317 on Thursday morning. The pound sterling barely reacted on Wednesday to weaker-than-expected UK inflation data. Investors preferred to take a wait-and-see approach ahead of today’s labour market statistics and the Bank of England meeting.
RoboForex | 7j 56min yang lalu
Fed’s Hawkish Lifts the Dollar, Pressures Gold and Equities

Fed’s Hawkish Lifts the Dollar, Pressures Gold and Equities

🦅 Warsh's Fed erases all 2026 rate cut expectations — DXY surges to 11-week high at 100.57, 2Y yields spike 16bps. Gold and tech stocks slide. Dot plot pushes easing to 2027-28. WTI drops as US-Iran sign preliminary ceasefire. IEA warns of 8M bpd oversupply in 2027. Jobless claims up next.
CPT Markets | 7j 59min yang lalu