In cryptocurrency trading, a long position refers to a bet that the price of a particular cryptocurrency will increase. A trader who takes a long position hopes to profit from a price increase. In contrast, a short position is a bet that the price of a particular cryptocurrency will decrease…

Bitcoin (BTC) As per last week’s projection, Bitcoin has plunged to the $ 19,000 region. It was in the vicinity of this support that the demand reaction appeared; as a result, the BTC quotations increased by more than USD 3,800, i.e. nearly 21%, over the past few days. This surge caused the…

Bitcoin (BTC) Last Friday, the information about the suspension of gas supplies from Russia to Germany via the Nord Stream 1 pipeline contributed to considerable volatility in the global financial markets. In reaction to this news, the US dollar gained significantly, and the stock markets in Germany and the US collapsed. The…

Bitcoin (BTC) In line with market expectations, the hawkish speech of the Federal Reserve chairman last Friday contributed to a significant decline in the cryptocurrency market at the end of last week. This fact caused Bitcoin to increase the scale of the depreciation lasting from August 15 to over 22.5%, slipping…

Bitcoin According to the latest Bureau of Labor Statistics report, the US non-farm sector added as many as 528,000 new jobs in July. This is an outright sensational reading, given that the market consensus was for a result of only 250,000. The positive tone of this publication was also supported…

Bitcoin Despite the second in a row increase in interest rates by the US Federal Reserve (Fed) by 75 basis points and announcements of possible similar action at the September meeting of the Federal Committee on Open Market Operations (FOMC), US Treasury yields fell with the dollar, and stocks and…

Today we analyse ETH, ATOM, MATIC and more. Bitcoin After rebounding from the technical support of $ 19,000, Bitcoin has soared above $ 24,000. This increase meant that the quotations of BTC broke above the technical resistance of $ 22,000, marking the upper limit that has been ongoing since mid-June of this year’s consolidation. It is worth noting…

Bitcoin After rebounding from the technical support of $ 19,000, Bitcoin returned to the region of technical resistance of $ 22,000. It is worth noting that this barrier sets the upper limit of the consolidation that has been going on for a month. Considering that the consolidations are corrective formations…

Looking at the quotations of the oldest virtual currency, we notice that its rate has been maintained for almost a month in a horizontal trend (in consolidation) between the support of $19,000 and the resistance in the region of $22,000. Because Bitcoin rebounded a few days ago from the upper…