(10/25, Tue) btc seems to be waiting the big tech companies' earnings announcement

in #btc2 years ago

Yesterday(10/24 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $19569, its lowest as $19132, its highest as $19593, its closing as $19326. Bitcoin peaked shortly after Monday's start and then began to decline, hitting a low at 14:15 and then rebounding before falling, ending -1.2% down.

Looking at the 4hr chart, even though it was Sunday the previous day, Bitcoin, which had risen ahead of the macro market, fell again, and after looking at the results of earnings announcements from big tech companies from today, it seems that it will try to rise again. On the daily chart, it continued to move sideways to be waiting for an event to happen.

In the macro market, the dollar index and bond yields, which are opposite indicators, have risen even though the stock market has risen in anticipation of a change in the interest rate hike, and it seems that the direction of the market is not clear. Nevertheless, the narrative of a stock market rally ahead of the US midterm elections feels credible in the macro market.

Sort:  

Upvoted! Thank you for supporting witness @jswit.

Hi @jhdklk853

I was wondering if you had a chance to see my previous reply to one of your comments? :
https://steemit.com/btc/@jhdklk853/rjo88n

ps. Sorry for comment not related to topic of your post. I'm going to drop decent upvote right away.
Cheers, Piotr

Hi @project.hope

I'm sorry to not give some comments for your question because I have not known that project and have no opinion on it.

Of course @jhdklk853

Changing topic: our community founder posted lately an interesting topic, which turned into quite a solid discussion
Idea is to create "pockets of demand" for STEEM token, which hopefully would result with higher buying pressure and reflect on price of the token.

Consider checking it out, resteeming and sharing your own thoughts:
https://steemit.com/hive-175254/@crypto.piotr/help-steemit-grow-my-personal-suggestion-on-how-to-bring-more-demand-for-steem-join-discussion

Coin Marketplace

STEEM 0.17
TRX 0.12
JST 0.027
BTC 55093.98
ETH 2894.76
USDT 1.00
SBD 2.22