Elliott Wave Technical Analysis: Bitcoin [Video]

Peter Mathers TradingLounge

Bitcoin BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today.
Bitcoin Headline News:US House Committee to Investigate and Hold Bipartisan Hearing on FTX Collapse.
Crypto Market Summary : Expect a rally up off the 16,500 Medium Level.
Bitcoin Elliott Wave Analysis: Wave c of (ii) to 19,000 roughly speaking.

Cryptocurrencies Bitcoin and Ethereum BTC-USD Elliott Wave Technical Analysis TradingLevels. Price Prediction Today.
Bitcoin USD price, analysis (live) charts, news videos. Learn about BTC Elliott Wave bitcoin cryptocurrency, crypto trading.

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

Ripple nears lifeline support as macro risks intensify

Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.

Cardano vulnerable to deeper losses amid SecondFi exploit

Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.

Bitcoin struggles as institutional demand remains weak

Bitcoin remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.