Bitcoin Shows Resilience In Dollar-Driven Bloodbath | BTCUSD September 26, 2022

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In this episode of NewsBTC's daily technical analysis videos, we examine the recent resilience in Bitcoin compared to traditional assets like gold, oil, and the S&P 500. We also compare BTC to the DXY Dollar Currency Index and past crypto bear market bottoms.

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Timeline of Bitcoin


Hedge Fund Veteran Mark Yusko Predicts ‘Face-Melter' Crypto Rally, Says Bitcoin Has Bottomed Out - The Daily Hodl

Morgan Creek Capital Management founder and CEO Mark Yusko thinks that crypto already saw the worst of the bear market when Bitcoin (BTC) slid close to the $17,000 level this month.


Bitcoin Active Addresses Stay Low, A Hint That Demand Isn't There Yet - NewsBTC

On-chain data shows the number of active Bitcoin addresses have remained at a low value for a while now, suggesting there isn't much demand for the crypto currently. Bitcoin Active Addresses Have Continued To Move Sideways Recently As pointed out by an analyst in a CryptoQuant post, the BTC network activity has been low in recent days, implying there isn't enough demand for a bull rally just yet.


Why Bitcoin Bulls Might Be Ready To Breach $20,000 Into The Monthly Close - NewsBTC

Stuck right below its 2017 all-time high, Bitcoin is moving sideways with low volatility over the past few days. The crypto market is preparing to close another monthly candle in the coming days.

BitcoinBTC$23362.190000

Bitcoin Above $19K Level Despite US Dollar Index Reaching Highest Level in Over 20 Years - CryptoGlobe

On Monday (September 26), the Bitcoin price is somehow managing to stay above the $19,000 level and in the green (i.e. up on the day) despite the intense pressure on risk-on assets such as crypto and stocks with the U.S. Dollar Index (DXY) at a 20-year high.


Analysts Think Bitcoin Is Going to Fall Even More - LiveBitcoinNews

Bitcoin and Ethereum have been having a tough time. The problems began again at the end of August when Jerome Powell, the leader of the Federal Reserve, made a five-minute speech suggesting the agency was going to be ruthless in its attempts to curb inflation.


Bitcoin Price Clings to Near Term Support Despite Latest Dollar Index Surge - Cryptonews

The US dollar experienced a substantial increase over the weekend. Since the dollar usually trades inversely proportional to Bitcoin, analysts predicted that the Bitcoin price should have declined over the weekend. However, Bitcoin appears to be holding steady.


DBS's new crypto trading service allows clients to trade in Bitcoin, Ether, and XRP - Tokenpost

DBS, the largest bank in Southeast Asia, is making it easier for clients to access Bitcoin (BTC), Ether (ETH), and XRP. The bank has launched self-directed crypto trading via its app giving its qualified customers access to the banks digital asset exchange and trade in popular cryptocurrencies.


Research: How low can Bitcoin price go? - CryptoSlate

Flagship digital asset Bitcoin (BTC) has had a rough year, falling 72% from its all-time high and losing more than 50% of its value this year alone. The post Research: How low can Bitcoin price go?


Bitcoin Price Analysis: BTC Finds Minor Bid - 27 September 2022 - Crypto Daily

BTC/USD Finds a Bid:  Sally Ho's Technical Analysis – 27 September 2022   Bitcoin (BTC/USD) worked to extend some upside momentum early in the Asian session as the pair was lifted from the 18681.02 area following additional selling pressure that emerged around the 18949.61 level.   Technical sentiment remains quite bearish after BTC/USD's latest attempt to reclaim the psychologically-important 20000 figure was thwarted around the 19949.97 area last week.


BTC Consolidates for Days, Is Huge Move Incoming? (Bitcoin Price Analysis) - CryptoPotato

Aside from the weekly candle, which ended in the red, Bitcoin made no substantial move and still hovering around the $19K range. Technical Analysis By Grizzly The Daily Chart On the daily chart, Bitcoin is currently trading on top of the support zone between $18K to $18.5K (in yellow).