Forbes analysts predict 2025 will be a pivotal year for Bitcoin, solidifying its position as a global financial asset. Their key forecasts include: → Regulatory Shifts: A change in SEC policies is expected to foster growth in the cryptocurrency sector, driving the cryptocurrency market capitalisation from approximately $3.3 trillion to $8 trillion. → Strategic Reserves: […]

The post BTC/USD Fails to Surpass $100,000: Bitcoin Price Forecasts for 2025 appeared first on Action Forex.

Market Picture The crypto market retreated last week and is in no hurry to recover, remaining at $3.31 trillion, roughly where it was 30 days ago. The sharp dip below $3.2 trillion was also quickly bought back, but a full-blown rebound is yet to be seen. Markets continue to digest the Fed’s tougher tone, reinforced […]

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The financial markets were jolted by Fed’s hawkish rate cut last week, sending ripples across stocks, bonds, currencies, precious metals, and even cryptocurrencies. Fed’s indication of prolonged restrictive monetary policy fueled risk aversion, pushing Dollar to end the week as the strongest performer in the currency markets, supported by surging yields and elevated Fed expectations. […]

The post Dollar to Pause for Consolidation After Failing to Break Euro Resistance Post-Fed appeared first on Action Forex.

Market Picture The crypto market continues to retreat, having lost 4.4% to $3.36 trillion in the last 24 hours and already over 11% from the all-time peak of $3.79 trillion set on Tuesday. While the sell-off in stock markets has slowed, cryptocurrencies are maintaining or even picking up the pace of the decline. This return […]

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BTCUSD – steep pullback from new record high extends into third straight day and accelerated after loss of psychological 100K support. Completion of Evening Doji Star reversal pattern on daily chart added to downside prospects, prompting stronger profit-taking that pushed the price to 94K zone in European session trading on Friday. Bitcoin is on track […]

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Market picture The cryptocurrency market lost 3% in 24 hours amid a sell-off in financial markets following comments from the Federal Reserve. Capitalisation fell to $3.51 trillion, and at the low it dipped below $3.48 trillion – its lowest in more than a week. The Cryptocurrency Fear and Greed Index fell to 75, also hitting […]

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Short Term Elliott Wave View in Bitcoin (BTCUSD) suggests rally from 6 September 2024 low is in progress as a 5 waves impulse. Up from 6 September, wave 1 ended at 66508 and dips in wave 2 ended at 58867. The crypto-currency has extended higher in wave 3 towards 103647 as the 1 hour chart […]

The post Elliott Wave View: Bitcoin (BTCUSD) Has Reached Inflection Area appeared first on Action Forex.

Key Highlights Bitcoin price started a fresh rally and traded to a new all-time high at $107,643. BTC cleared a connecting bearish trend line with resistance at $101,500 on the 4-hour chart. Ethereum price seems to be facing hurdles near the $4,000 zone. XRP is consolidating gains above the $2.20 support zone. Bitcoin Price Technical […]

The post Bitcoin Soars to Fresh Record High: How Far Can It Go? appeared first on Action Forex.

Yen weakened across the board today in an otherwise consolidative market , as traders increasingly anticipate that BoJ will hold steady on monetary policy at its upcoming this week. BoJ policymakers appear to see no urgency in extending the tightening cycle this month, preferring instead to wait for January’s updated economic projections before deciding on […]

The post Yen Under Pressure on BoJ Expectations; Bitcoin Soars on Trump’s Bold Crypto Vision appeared first on Action Forex.

Market Picture The cryptocurrency market hit record highs in terms of capitalisation, reaching $3.73 trillion at the start of active Asian trading and is sitting at $3.71 trillion at the time of writing. The market digested the overhang of pending selling in Bitcoin near psychologically important levels and continued to move higher. Bitcoin gained about […]

The post Bitcoin Has Overcome Selling Resistance appeared first on Action Forex.

Analysing Bitcoin’s price on 6th December, we: → noted that more likely Trump’s victory in the presidential election and his plans to create a strategic reserve dedicated to Bitcoin were the primary driver of BTC/USD’s growth in November. → Identified two ascending channels (highlighted in blue and orange) that mapped the fluctuations within the upward […]

The post Bitcoin Hits a Record High, Surging Above $106,000 appeared first on Action Forex.

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Bitcoing BTCUSD , published in members area of the website. As many of our members are aware, the crypto has given us good buying opportunities recently. BTCUSD is showing impulsive bullish sequences in the cycle […]

The post Bitcoin BTCUSD Forecasting the Rally After 3 Waves Pull Back appeared first on Action Forex.

Market Picture Crypto market capitalisation jumped 5% in 24 hours to $3.64 trillion. Optimism in the US stock market pushed Bitcoin above $100K, bringing buyers back into altcoins. The Cryptocurrency Sentiment Index returned to extreme greed territory at 83. Bitcoin climbed just above $101.5K, meeting solid resistance for the past seven days. Current levels are […]

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Market Picture The cryptocurrency market remained roughly the same as the day before at $3.45 trillion, down 7% from its peak levels at the start of the week. The sentiment index rolled back to 74, in ‘greed’ territory. The altcoin season index has pulled back to 63 from a peak of 87 a week earlier. […]

The post Between $95K and $100K, Bitcoin Changes Long-Term Holders appeared first on Action Forex.

Market Picture Crypto market capitalisation has fallen 4% in the last 24 hours to 3.4 trillion, taking a hit from another failed attempt by Bitcoin to break above 100k. As one would expect, the failure of the leading coin to grow is sparking hesitation among supporters of smaller and more volatile coins. The Cryptocurrency Fear […]

The post Crypto Market Spooked by Another Bitcoin Pullback Below 100K appeared first on Action Forex.

Market Picture The cryptocurrency market corrected 1.2% in 24 hours, but the 5% gain for the week still indicates a strong bull market despite more frequent mini-corrections. Bitcoin is failing to consolidate above $100K, which is likely suppressing buying in the overall cryptocurrency market. Bitcoin is trading just below $99K with minimal overnight movement. Its […]

The post Bitcoin’s Reluctance Puts Pressure on Altcoins appeared first on Action Forex.

In this article we’re going to take a quick look at the Elliott Wave charts of Bitcoin BTCUSD published in members area of the website. As our members know BTCUSD is showing impulsive bullish sequences in the cycle from the 52598 low , that are calling for a further strength. Recently we got a pull […]

The post Bitcoin BTCUSD Gained 50% from Our Buying Zone – Here’s How We Did It appeared first on Action Forex.

The resurgence of “Trump Trade” last week reignited optimism across financial markets, driving US stocks to fresh record highs and propelling Bitcoin past the critical 100k psychological level. Investors appeared largely unfazed by a slew of top-tier US economic data and the solidification of expectations for a 25bps Fed rate cut this month. Instead, the […]

The post Trump Trade Roars Back, Dollar in Correction, Commodity Currencies Tumble appeared first on Action Forex.

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Bitcoin BTCUSD published in members area of the website. Our members know BTCUSD is showing impulsive bullish sequences in the cycle from the 50186 low. Recently, it made a clear three-wave correction. The pull back […]

The post BTCUSD Made Rally Toward New All-Time Highs After Double Three Pattern appeared first on Action Forex.

Market Picture The crypto market cap has shrunk to $3.6 trillion, down around 2% in the last 24 hours. The main volatility has been in Bitcoin, with Ethereum affected to a lesser extent and a barely noticeable ripple at the altcoin level. This is a strong signal of a short-term shakeout but not a change […]

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