@d12321 30 October 2022 more from that month

« Bitcoin has accumulated growth reserve ». What will happen to cryptocurrency Experts told what dynamics to expect from digital currencies in the short term On October 30, bitcoin is traded at $ 20.7 thousand, over the past week its price has grown by 8.3%. Experts analyzed the situation on the cryptographic market and told how it could change next week. The week from October 24 to October 30 was successful for the bitcoin. Activity on the cryptographic market was observed 25 ( Tuesday ) and October 26 ( Wednesday ), the maximum of the week was fixed at $ 21 thousand. The growth of quotations was facilitated by the weakening of the dollar and the growth of American indices. After the release of a series of economic data in the United States, investors began to consider the option in which the Fed would reduce the rate increase step at a meeting on December 14 to reduce pressure on the US economy. The dollar and yield of 10-year-old treasury bonds turned down, increasing demand for risky assets. After the test of the level $ 21 thousand, buyers had to retreat. October 27 ( Thursday ) bitcoin fell to $ 20.2 thousand, on October 28 ( Friday ) — to $ 20 thousand I think, that the decline in the BTC / USDt pair caused a weakening of the euro in the international foreign exchange market and a drop in American indices after the publication of weak corporate reports for the 3rd quarter. The euro fell in price after the ECB meeting, at which the rate was increased by 75 bp. up to 2%. The decision coincided with the forecast, so buyers began to record profits in long positions. The dollar index closes at minus two consecutive weeks. According to the cumulative delta on the futures index, the dollar index shows how sales predominate. The current value of DXY is 110.60. Support is at around 108.70 ( daily line on the TF ). The S & P500 index has recovered by 11.6% from a minimum of 3491.58. To break the bear trend, you need to go through level 4120. Accordingly, bitcoin acceleration is expected when the dollar index falls below 110.60, and S&P500 is fixed above 4120. Bitcoin has accumulated a decent supply of growth next week, so we are following important macroeconomic events. And in the week from October 31 to November 6 there are many of them. Target level for a new week $ 22.5 thousand. From important events, it is worth highlighting: data on business activity from ISM and industrial production in the USA, a meeting of the US Federal Reserve, as well as a report on the Non-Farm Payrolls labor market. Important events portend high volatility in all markets from Wednesday. « I would bet on bulls, or on a fly » After trying the upper edge of the large channel, the bitcoin course returned and tested the line from the back. Now, gradually, you need to grow by the width of the broken channel — this is the area $ 22.4 thousand. Therefore, next week I would bet on bulls, or on a fly. In the case of a fleet, the channel’s border is blurred and no one will pay attention to it. The bull idea with $ 22.4 thousand will be exhausted.