In this episode of NewsBTC’s daily technical analysis videos, we examine how Bitcoin is trading against other currency pairs and not USD. We also look at BTC against WTI Crude Oil and the S&P 500.
Take a look at the video below:
VIDEO: Bitcoin Price Analysis (BTCUSD): September 28, 2022
The market continues to be shaken up by the strength of the dollar. Following yesterday’s rally in BTC that was immediately wiped out, traders are even more hesitant to pull the trigger with the top cryptocurrency rising again.
Bitcoin Daily Momentum Change Causes Chain Reaction
Bitcoin daily has flipped bullish on the LMACD, setting off a chain reaction across a variety of timeframes. In terms of this chain reaction, we have a bullish crossover on the 3-day and the weekly timeframe. Both, especially the weekly, have been like bait, snapping back at bulls each time they attempt to turn the tides of momentum.
Momentum causes a bullish chain reaction of crossovers Source: BTCUSD on TradingView.com
Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program.
Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.
Featured image from iStockPhoto, Charts from TradingView.com
In this episode of NewsBTC’s daily technical analysis videos, we examine how Bitcoin is trading against other currency pairs and not USD. We also look at BTC against WTI Crude Oil and the S&P 500.
Take a look at the video below:
The market continues to be shaken up by the strength of the dollar. Following yesterday’s rally in BTC that was immediately wiped out, traders are even more hesitant to pull the trigger with the top cryptocurrency rising again.
Related Reading: Bitcoin & The Hunt For A Green October
Bitcoin Magazine Coinbase CPO Rejects Claims of Opposing Bitcoin Tax Relief as Jack Dorsey Demands…
The security architecture surrounding Bitcoin continues to evolve as new infrastructure emerges to support self-custody…
Bitcoin is up about 7% from the Sunday lows, even as equities and gold tread…
Bitcoin Magazine Cosmos Health (COSM) Buys $600K in Bitcoin, Expands Digital Asset Treasury Cosmos Health…
Bitcoin Magazine Bitcoin is Now a Global Financial Player as Institutions Take the Helm: Bitwise…
Bitcoin Magazine Michael Saylor’s Strategy (MSTR) Estimated To Have Already Bought Over 1,200 Bitcoin Today…