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Bitcoin is up at 97428. Are investors starting to choose riskier assets over safe-haven assets? BTCUSD drew a bullish candle on May 1 with a higher close than the previous high. The price formed a high of 97428 low of 93991 close of 96497 on the FXOpen platform. BTCUSD has been moving in a daily range for more than a week of trading. On the other hand, the gold price is down at a low of 3201 at the time of writing, indicating a negative correlation with Bitcoin. This is quite interesting because while gold is moving more in a bullish sentiment, Bitcoin is moving more in a bearish sentiment. Meanwhile, the Dollar Index (DXY) extended gains at 100.375, slightly below the 20 EMA. A break of the dynamic resistance of the 20 EMA allowed the DXY to find new resistance near 102.575 based on the 50 EMA. Meanwhile, the RSI line drew an upward channel at the 43 level, reflecting the price moving away from the oversold level, although still below the downtrend level. The increasing interest of investors in Bitcoin can be seen from the fear and greed index indicator at 51, although this is a neutral level, it has increased from a value of 26 when Bitcoin fell. Latest news, Micro Strategy continues its mission to collect as much Bitcoin as possible. This was reported by the official account of Strategy's leader, Michael Saylor, via the X platform on Monday (4/21/2025). Last week, the company again bought Bitcoin in large quantities, worth more than US$ 555 million. Based on data from Lookonchain, Strategy has bought 6,556 BTC at an average price of US$ 84,785 per coin. With this purchase, their total Bitcoin holdings have now reached 538,200 BTC, worth around US$ 46.83 billion Previously, MicroStrategy stopped buying Bitcoin when the value of Bitcoin collapsed to a low of around 74k. According to the BitcoinTreasuries.net site, Strategy now owns more than 2 percent of the total Bitcoin circulating in the world. This makes them the largest Bitcoin holder among public companies. On the other hand, the US economy is contracting. Tuesday's GDP report showed an unexpected contraction of a 0.3% annualized pace, missing the expected 0.4% growth, indicating stronger chances of entering a stage of stagflation. Meanwhile, the Fed is still reluctant to cut interest rates due to high inflation due by Trump's tariff policy. Powell's stance of being reluctant to lower interest rates has even been threatened with dismissal by Trump, who considered Powell too slow. US Unemployment Claims also increased by 241k, higher than the expected 234k and the previous revision of 223k. Meanwhile, the ISM (Institute for Supply Management) revealed Manufacturing PMI at 48.7%, 0.3 percentage point lower compared to the 49 percent recorded in March. Services PMI at 50.8%, indicating expansion for the 55th time in 58 months since recovery from the coronavirus pandemic-induced recession began in June 2020. Hospital PMI at 51% in March, a 5-percentage point decrease from the February reading of 56 percent. Today, the US will release important news on Non-Farm Employment Change, Unemployment rate, and average hourly earnings, which are important economic indicators for investors to pay attention to.
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On exchanges, there are several ways to earn rewards or money that don't actually involve trading. Through simple products like staking, launchpool, savings, and other products they have. Personally, I use these products a lot on Bitget, mainly because they tend to have more products than Binance these days And the best part? most of these use BGB to stake or earn, and you can get BGB for free from several Bitget events or promotions. Now, they have this free BGB event for referring a friend to the app. This is a great event to capitalize on for free that you can reinvest on the app, in my opinion
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Daily Market Forecast By Capitalcore
Capitalcore replied to Capitalcore's topic in Forex News & Analysis
BTCUSD Riding Bullish Momentum on H4 BTCUSD, often referred to as “Digital Gold,” is a key bridge between the cryptocurrency market and traditional currencies, attracting both retail and institutional interest. In light of today’s USD labor-market releases—including Non-Farm Payrolls, Unemployment Rate, and Labor Inflation figures—BTCUSD daily chart technical and fundamental analysis suggests heightened volatility ahead as job creation, unemployment data, and factory orders can significantly influence USD strength, thus impacting BTC USD price action by either reinforcing the current bullish momentum or triggering profit-taking if the actual figures deviate from forecasts. Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. On the H4 chart, BTCUSD appears to be riding a strong bullish trend, currently trading in the upper half of the Bollinger Bands near the upper band. Even though the bands were initially tight, they have slightly expanded, yet remain relatively narrow compared to previous periods. The upper Bollinger Band aligns with a key resistance level just above the 0.382 Fibonacci retracement, and price action has repeatedly tested and reacted to this zone without a decisive break so far. Nonetheless, buyers are still attempting to push BTC-USD higher, targeting new resistance levels if a breakout occurs. The MACD, RSI, and MACD histogram all lean toward continued bullish pressure, suggesting that if the price can overcome the upper Bollinger Band and this fib-based resistance, BTC/USD daily chart technical and fundamental analysis favors potential upside continuation in the near term. • DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore