$BTCUSD Forex Signal: Brief Pullback to 22,600 Likely forexsignal TradingSignals
Enter your emailWhile the bullish trend will continue, the pair will likely pull back and retest the support at 23,000 and then resume the bullish trend.Timeline: 1 day.price continued rising as the bullish momentum continued.
Now, most analysts expect that the bank will be less aggressive than that. They expect that it will hike interest rates by 75 basis points as it continues fighting the soaring inflation. Many analysts compared it to the collapse of Lehman Brothers and its impact on the financial sector. However, most of the biggest companies in the industry like Coinbase, FTX, and Binance did well during the crash. Also, many BTC holders like Tesla and MicroStrategy have continued to hold their assets.
The performance of Ethereum is notable because of the close correlation that exists between cryptocurrencies. In most periods, cryptocurrency prices tend to move in sync with each other.The four-hour chart shows that the BTC/USD pair has been in a strong bullish trend in the past few weeks.
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