Bitcoin News
By MikeT
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How the DXY is shaping market sentiment. The dragonfly doji seen on the DXY chart is notable because it appeared after a prolonged…
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Bitcoin shows weakness at major resistance. Bitcoin closed last week with a doji candle of its own, but this one formed at a long-term…
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Ether’s bearish breakdown. Ether, the second-largest cryptocurrency, is also showing troubling signs on its chart.
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XRP’s momentum weakens despite ETF debut. XRP investors are facing disappointment as the token struggles to build on recent optimism…
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All eyes on the Federal Reserve and PCE inflation data. The coming week could prove decisive for both the dollar and cryptocurrencies, with several key…
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What this means for crypto traders. The combination of a stronger dollar, weakening crypto charts, and looming macroeconomic events…
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The U.S. dollar is showing signs of renewed strength, creating a challenging environment for Bitcoin and other risk assets.
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This comes as Bitcoin sits at a crucial resistance level, displaying hesitation among buyers and raising the possibility of further declines.
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The dragonfly doji seen on the DXY chart is notable because it appeared after a prolonged downtrend and right at key support levels.
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Last week, the DXY briefly dipped below the July low of 96.37 following the Fed’s rate cut but quickly recovered, closing at 97.65. The rebound was supported by steady U.S.
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If the dollar strengthens, it usually weighs on dollar-denominated assets such as Bitcoin. For traders, this sets up a critical test: whether Bitcoin can hold above important…
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Bitcoin closed last week with a doji candle of its own, but this one formed at a long-term resistance trendline drawn from the 2017 and 2021 bull market peaks.
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On the daily chart, Bitcoin is now flirting with a move below the Ichimoku cloud, a sign that the bullish structure may be breaking down.
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Support is currently seen at $114,473, marked by the 50-day simple moving average. Below that, the September 1 low near $107,300 represents the next critical level.
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If bears remain in control, traders could see a test of the $107,000 region in the coming sessions.
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