Bitcoin Technical Analysis

Bitcoin price forecast, why sell at $51500 - $52000, may decline to $38000 - $39000 📉📊

• Bitcoin price outlook: Bearish bias as it faces resistance at $52k, potential profit takers at play. Trade wisely in current volatile market, and as always, at your own risk.

Bank of England’s Megan Greene is speaking on the economy and policy on Thursday

• Catherine Mann up also, speaking at a US event later

Bitcoin technical analysis video shows bears still in control

• Discover the latest technical analysis indicating that bears are still in control of the Bitcoin market, but providing insights and trading strategies for both bullish and bearish scenarios including trade ideas with entries, stops and profit targets, at your own risk.

GDP & Durable good orders expected from the US Thursday, 25 January 2024 - ranges to watch

Goldman Sachs anticipates Federal Reserve tapering announcement in May '24

• And to begin tapering soon after

Bank of England Governor Bailey, other senior officials called before parliament Wednesday

• A House of Commons' Treasury Committee grilling

BoA expect the US Federal Reserve will cut its funds rate by 100 basis points in 2024

• First rate cut to come on March 20

Fidelity on sticky inflation, and only limited Fed cuts - "market is like a spoiled child"

• Fidelity Investments foresees a persistent 3% inflation rate

Some Federal Reserve officials changed their forecasts half way through the FOMC meeting

• Surprising flip-flop: Federal Reserve officials alter their forecasts during FOMC meeting

Bank of England to cut rates faster than expected, says Goldman Sachs

• Goldman Sachs predicts that the Bank of England will make its first rate cut in August 2024

US Treas Sec Yellen satisfactied with the strong performance Fed and the US economy

• U.S. Treasury Secretary Janet Yellen speaking from mexico

The ultimate Bitcoin price forecast revealed: Watch the video

• Gain advanced insights into Bitcoin's price trajectory, critical levels, and potential risks in this essential video analysis. Stay ahead in the cryptocurrency market by understanding technical indicators and trends. Traders, investors, and anyone interested in Bitcoin's price movements can benefit from this comprehensive analysis and bitcoin price forecast

A break of the range of estimates for ISM Services PMI should prompt extended market move

• Traders anticipate multiple 2024 rate cuts from the Federal Open Market Committee (FOMC)

BlackRock's CIO Rieder says the Fed Funds rate is too restrictive today, sees mid-24 cut

• BlackRock's CIO Rieder expects the Fed to begin cutting rates in May or June

Fed's Goolsbee says he has some concerns about keeping rates too high for too long

• Fed's Goolsbee emphasizes housing inflation as key market driver in radio interview.