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Further, the central bank may want to see a marked decline in the headline consumer price index (CPI), which includes the volatile food and energy component, before pulling the plug on policy tightening. The spending habits of so-called main street, representing average Americans, are more sensitive to the changes in
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The Mayer Multiple helps investors identify oversold and overbought conditions by comparing the market value to the 200-day SMA. Source
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Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 and 2018 bear market bottoms.What's the Bitcoin Pi Cycle bottom indicator? Dubbed "Pi Cycle bottom," the indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA).
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Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows.Data from sources including on-chain analytics firm Glassnode shows Bitcoin’s MVRV-Z Score is almost — but not quite — signaling a price reversal.MVRV-Z Score inches towards macro bottomAmid ongoing debate whether
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Prices were at $30,272 late Sunday, after falling as low as $28,700 earlier in the week. Bitcoin last saw a positive week of gains in mid-March as prices jumped from $41,000 to $46,000. It has slid every week since then, falling nearly 60% from November highs of just over $69,000. Original
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Bitcoin bulls continue to be demoralized, as the price per coin grinds continuously at lows for what feels like an infinite amount of time. However, a bottom could be forming, according to an indicator that has reached historical lows not seen since the 2015 bear market bottom. What followed the last
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Ethereum briefly bounced back from its critical support zone, but the bears resumed their attack. The second crypto by market cap has returned to an area that must be defended to prevent further losses. Related Reading | TA: Ethereum Revisits $2.8K, Why Upsides Might Be Limited At the time of writing, Ethereum (ETH)
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Bitcoin was rejected as it approached the high area around its current levels. The first crypto by market cap could return to previous lows as it continues to trade in a tight range. Related Reading | Bitcoin Retail Reaches Second-Highest Buying Rate In History. Good Or Bad? The start of the
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The 200-day moving average defines the immediate resistance seen at $48,300. Early this week, the bulls failed to force a breakout above that widely-tracked technical line. Since then, the price has pulled back to $45,000, perhaps tracking weakness in equity markets. The S&P 500, Wall Street's benchmark index, fell 1.5%
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Ethereum moves higher in shorter timeframes and has quickly been reclaiming previous highs. The second crypto by market cap recently broke above the important resistance at $3,000 and has been outperforming Bitcoin during the last week. Related Reading | Bitcoin Almost Hits $44,000 With Terra $125 Million BTC Purchase Tempo Up As
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