Bitcoin’s Hourly Death Cross Has Appeared: What Awaits the BTC Price?
Bitcoin’s Current Market Dynamics Recently, Bitcoin’s short-term moving average has dipped below the long-term average, catching the attention of traders and sparking discussions about its potential price movement. This is often referred to as a bearish “death cross” signal. Specifically, the 50-hour moving average is below the 200-hour moving average on Bitcoin’s hourly chart, a […]
Gold Price Outlook: Is a Market Recovery Possible After the Toughest Week Since November?
Market Overview on Gold Interest from institutions in gold remains limited as traders take a closer look at the Federal Reserve’s upcoming actions. Recent retail sales and PPI data suggest some resilience, easing growth concerns, but persistent inflation expectations may keep policymakers cautious. Unless there’s a notable dovish move or a shift in geopolitical tension, […]
Gold price might have reached its high point at $3,500 for the time being, according to BofA commodities head.
The May edition of Bank of America’s Global Fund Manager Survey indicated that 45% of investors now view investment assets as “overvalued.” This marks a notable increase from the 34% noted in April, coinciding with a rise in gold prices to record levels. This growing skepticism among investors mirrors the perspective of BOFA experts, including […]
Pi Network Confronts Allegations of Insider Selling Following 50% Price Drop
The PI networks are currently facing significant criticism as the Native Token PI has decreased by over 50% in just five days. This sharp drop has led to allegations of a possible rug pull, especially after users noticed substantial token transfers connected to insiders of the project. Concerns Arise Over 12 Million Token Transfer On […]
Trump cautions Walmart after the retailer signals significant price increases
On Saturday, President Donald Trump criticized Walmart, stating on social media that large retailers should absorb the added costs from his tariffs. When Trump significantly increased import taxes, he assured the public that foreign suppliers would bear these costs, suggesting that retailers and automakers would not pass them on to consumers. However, many economic experts […]
Bitcoin bull flag and typical profit-taking suggest a potential rise to new BTC price peaks.
Key takeaways: Traders anticipate a pullback in Bitcoin’s price to around $90,000; however, if the upper range decreases, there might be potential for a new high. On-chain data indicates that current profit levels aren’t strong enough to disrupt Bitcoin’s existing price momentum. For much of the week, Bitcoin (BTC) has fluctuated between $104,000 and just […]
US man sentenced to prison for hacking SEC’s X account to manipulate Bitcoin price
SEC Account Hack: Sentencing Details On Friday, Eric Council Jr., 26, received a 14-month prison sentence, along with three years of supervised release, due to his involvement in hacking the official Securities and Exchange Commission’s X account. The US Department of Justice shared the news in a recent press release. Council and his accomplices falsely […]
Gold Price Outlook: Positive Indicators Appear Following XAU’s 10% Drop
Signs of Solid Support This week’s lower price range shows several indicators that suggest its significance. The lower boundary of the uptrend channel aligns closely with the shorter declining channels. Support has held steady at every 50-day moving average, currently sitting at $3,162. Furthermore, the downward ABCD pattern reached $3,140, marking a near 100% target. […]
Gold market review for May 16 – important intra-day price points for active traders
Jim Wykoff has more than 25 years of experience in the stocks, finance, and commodities sectors. He spent significant time as a financial journalist with FWN Newswire Service, including roles as a reporter on commodity futures trading floors in both Chicago and New York. Throughout his career, he has reported extensively on various futures markets […]
Cardano Holds $0.75 Support as Analyst Sets $1 Price Goal
Cardano is testing its $0.75 support level amid increasing volatility. Will ADA bounce back to $1, or slide down to $0.71? ADA prices are facing challenges in maintaining an upward trend as short-term volatility puts pressure on the $0.75 support level. If it drops further, $0.71 may come into play for a test of the […]