Month: January 2023

Bitcoin Market picture Bitcoin has declined slightly over the past 24 hours – the bulls have still not decided to go on the offensive. Perhaps it is because of an overhang of selling orders from struggling miners. The first cryptocurrency is trading near $16.7K to start the day on Tuesday, having retreated from its 50-day
<p>Snippet via analysts at Natwest, thier overarching view is for major DM economies to enter into recession this year. </p><p>US CPI forecast down to 3.2% in 2023</p><ul><li>Eurozone <a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__main-term">inflation</a> at 2.6% this year</li><li>UK inflation at 4.3%</li></ul><p>Natwest cite (in brief):</p><ul><li>"Energy base effects will bring about a sizeable reduction in inflation in the major
Economist/analyst consensus expectations for the Reserve Bank of Australia this year are for: +25 bp at the February (7th) meeting (ICYMI, there is no January meeting) +25 bp at the June (6th) meeting This’d take the Reserve Bank of Australia’s Cash Rate target to 3.6% from its current 3.1%. Goldman Sachs are an outlier, expecting
European Central Bank Governing Council member Joachim Nagel in an interview with the Zeitschrift für das gesamte Kreditwesen published on the Bundesbank website on Monday “Our monthly surveys of firms and households are showing a significant increase in long-term inflation expectations” “I firmly believe that we need to take further monetary policy action to halt
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Technical analysis of Bitcoin evaluates the crypto king by assessing previous prices and volume. Technical analysts don’t analyze a security’s inherent worth, but instead utilize charts and other tools to uncover trends. Technical analysis also uses patterns to predict future price changes. These patterns may be bullish, bearish, or neutral, indicating a price increase, decrease,