A widely followed crypto analyst is updating his outlook on the markets after a huge week of gains for digital assets. Crypto trader Justin Bennett tells his 112,400 Twitter followers that now is not the time to go long on Bitcoin (BTC). “BTC most likely a flush of late longs here. Def not where you want to […]
The post Analyst Breaks Down Bitcoin (BTC), US Dollar Index and Two Major Stock Indices After Huge Week for Crypto appeared first on The Daily Hodl.
Widely followed crypto analyst Justin Bennett called yesterday’s Bitcoin (BTC) rebound hours before it happened. Yesterday, Bennett told his 112,400 Twitter followers that a Bitcoin bounce could be on its way after a rough week for the crypto king. “Pretty spot on from BTC so far but maybe a bounce soon to flush some shorts. Still a […]
The post Crypto Trader Calls Yesterday’s Bitcoin (BTC) Bounce but Admits to Possibly Misinterpreting One Key Metric appeared first on The Daily Hodl.
Bitcoin (BTC) and most of the crypto market witnessed a move to the downside as the US dollar registered its strongest week in months. The US dollar index (DXY) rose 0.6% on Friday and 1.44% in the past 5 days, according to MarketWatch. The DXY also crossed above its 50-day simple moving average (SMA) after […]
The post Bitcoin (BTC) Slumps as US Dollar Witnesses Strongest Week Since February Amid Upcoming Debt Ceiling Face-Off appeared first on The Daily Hodl.
At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time […]
A widely followed crypto analyst is highlighting the price level Bitcoin (BTC) bulls must hold as the crypto markets bounce. With BTC trading for $23,984 at time of writing, analyst Justin Bennett tells his 111,400 Twitter followers that Bitcoin bulls must hold $23,000. “If BTC is going to bounce, it has to do it soon. $23,000 is […]
The post Analyst Names ‘Must-Hold’ Level for Bitcoin (BTC) Bulls As Crypto Market Drops appeared first on The Daily Hodl.
A widely followed crypto trader says he feels the markets are facing a “significant” moment with the US dollar signaling weakness. Crypto strategist Justin Bennett tells his 111,700 Twitter followers that the US dollar index (DXY) is testing its May 2021 trend line, which if it breaks could signal bullishness for crypto markets. “DXY tested […]
The post Crypto Analyst Says Today ‘Feels Like a Significant Moment’ for Markets, Breaks Down Bitcoin and US Dollar Index appeared first on The Daily Hodl.
A popular crypto analyst thinks Bitcoin (BTC) and the broader altcoin markets could start to bounce back next year. In a new analysis, pseudonymous trader TechDev says that the crypto correction actually began in the second quarter of 2021, rather than the fourth quarter of that year after Bitcoin hit its all-time high. “We start […]
The post Bitcoin, Altcoins and Crypto Markets Set for Major Unexpected Bounce in 2023, According to Popular Analyst appeared first on The Daily Hodl.
A widely followed crypto analyst says the Bitcoin (BTC) and Ethereum (ETH) markets are mostly the same after yesterday’s Federal Open Markets Committee (FOMC) meeting. In a new edition of his Cryptocademy newsletter, trader Justin Bennett breaks down BTC, ETH and the US Dollar Index (DXY) moving forward. Says Bennett of BTC, “BTC rallied into today’s […]
The post Popular Crypto Analyst Justin Bennett Breaks Down Bitcoin (BTC) and Ethereum (ETH) After Latest Fed Rate Hike appeared first on The Daily Hodl.
A closely followed crypto strategist is calling for a Bitcoin (BTC) surge just as the US dollar index (DXY) is showing signs that its parabolic rally this year could be coming to an end. In a new strategy session, Jason Pizzino tells his 279,000 YouTube subscribers that the US dollar index won’t stop crashing as […]
The post Popular Analyst Predicts Bitcoin (BTC) Rally, Says US Dollar Flashing Signs of Ending Parabolic Surge appeared first on The Daily Hodl.
A widely followed crypto analyst is looking at the wider crypto markets following this week’s FTX meltdown. Crypto analyst Justin Bennett tells his 111,400 Twitter followers that king crypto Bitcoin (BTC) is testing a low that it hasn’t experienced since June 2022. “BTC is retesting the June low. Resistance for now. A reclaim would be bullish and […]
The post Popular Crypto Analyst Breaks Down Bitcoin (BTC) and US Dollar Strength in the Wake of FTX Fiasco appeared first on The Daily Hodl.
