Things did not work out so well for the crypto market over the past week. Both the Fed’s new monetary policy announcements and Powell’s admission about the failure to tame inflation spurred risky assets to a steep decline. Not only did crypto market collapse, but the U.S. stock market did as well. Let’s check out in our traditional BTCUSD exchange rate forecast what awaits us in the forthcoming week.
Continue reading “BTCUSD exchange rate forecast for April 25 — May 1, 2022”
The previous week brought another disappointment to cryptocurrency investors as bitcoin failed to break through above $50,000 level and now it is testing major support at around $40,000. It turns out that the bears win after all, the crypto winter awaits us? Let’s break these issues down in our traditional BTCUSD exchange rate forecast.
Continue reading “BTCUSD exchange rate forecast for April 18 — 24, 2022”
Over the past week the cryptocurrency market was not very optimistic. That is, the first-ever cryptocurrency failed to consolidate above $45,000 and to overcome the important level of $52,000. This can be attributed to the fact that the Fed is going to hike the rate just by 0.5% at the May meeting. Against the background such statements have affected not only the cryptocurrency, but the U.S. stock market as well. Let us analyze in our traditional BTCUSD forecast what the next week holds and what to expect from the crypto market next.
Continue reading “BTCUSD exchange rate forecast for April 11 — 17, 2022”
The previous week for the crypto market turned out uplifting. Once the $45,000 breakthrough occurred, bitcoin successfully stabilized itself around $46,000, but it is still not growing any further. The market sentiment remains positive and according to analytical services, a considerable number of short positions have been liquidated. In our traditional forecast, we will figure out what to anticipate in the coming week.
Continue reading “BTCUSD exchange rate forecast on April 4 — 10, 2022”
Fortunately, the previous week for the crypto market saw a break out of the sideways trend. As expected, the breakout ended upwards. Overcoming resistance around $45,000 and reaching $47,000, the first-ever crypto has managed to pave the way for a test of the next resistance around $52,000. Which way it will be, we’ll break it down in our traditional bitcoin-to-dollar forecast.
Continue reading “BTCUSD exchange rate forecast on March 28 — April 3, 2022”
The previous week for the cryptocurrency market turned out positive. The U.S. Fed raised the rate to 0.5% on March 16, which is by far good news. Jerome Powell, head of the Federal Reserve, stated at a press conference that the regulator does not plan to react emotionally to inflation and current geopolitical circumstances. The rate will go up as many times as necessary.
Continue reading “BTCUSD exchange rate forecast on March 21 — 27, 2022”
As expected, the previous week passed without visible changes for the crypto market. The sideways trend will last until the news is either positive or negative. It should be an eventful week. To start with, the Fed will finally take action on the rate issue at a meeting, and the Russia-Ukraine conflict there is progress in negotiations. Let us break down what the coming week will be like considering crypto market in the this weekly bitcoin-to-dollar forecast
Continue reading “BTCUSD exchange rate forecast on March 14 — 20, 2022”
As expected, bitcoin market was in the sideways trend during the last week. There is still uncertainty in geopolitics and the Fed’s monetary policy. The appreciation of the dollar against a reserve currencies basket also had an impact on the first cryptocurrency. Let us analyze what awaits the cryptocurrency market in the coming week in our usual BTCUSD exchange rate forecast.
Continue reading “BTCUSD exchange rate forecast on March 7 — 12, 2022”
The previous week didn’t bring any major changes to the crypto market. As expected, bitcoin market is flat for now. The main reason for the market being flat is the general uncertainty due to the circumstances in Ukraine. In addition, it is because of the vagueness about the U.S. Federal Reserve’s monetary policy has also increased. Since cryptocurrency is a risky asset, investors get rid of it during such events. However, there is another side: sanctions and the surge of the dollar against the ruble, prompt people to take note of digital assets. Let us analyze what awaits the cryptocurrency market in the coming week in our usual BTCUSD exchange rate forecast.
Continue reading “BTCUSD exchange rate forecast on February 28 — March 6, 2022”
The previous week was not very fortunate for the crypto market, as the retracement is still coming to an end. It is very likely that due to the geopolitical circumstances, the market will remain under pressure. In our weekly bitcoin-to-dollar forecast, we will try to figure out how strong the possible market decline may turn out to be.
Continue reading “BTCUSD exchange rate forecast on February 21 — 27, 2022”