empty
26.10.2022 02:40 PM
Crypto market gives positive signals for growth

For almost all of October, Bitcoin and Ethereum moved in a characteristic lateral amplitude, which became a kind of prerequisite that there may be a change in trading interests in the market.

It is worth noting that in the same period of time, US stock indices initially showed an active downward trend, which led to updates of local low of the downward cycle from mid-August. In this case, there is an interesting phenomenon that cryptocurrencies have been declining more slowly than the stock market. Do not rejoice prematurely, cryptocurrencies collapsed in vain early in the period of August and September.

Change of trading interests

Here things are like this, the US stock indices slowed down the decline around October 12–13, after which a characteristic reversal occurred. As a result, the average growth of the index from the local low was about 10%.

In this case, riskier assets, in our case, cryptocurrencies, played with a delay of about one week. We will analyze the details of the growth of BTC and ETH a little later.

What is the reason for the change in trade interests?

To a greater extent, this is due to the hopes of investors that the Fed will give the market positive signals that they will slow down the rate of increase in the refinancing rate at the November 2 meeting. There is also a growing speculation among economic experts that regulators won't last long without a printing press. Perhaps as early as 2023 we will see a quantitative easing program again.

This image is no longer relevant

What happens on the trading charts of Bitcoin and Ethereum?

General picture of the market:

• 130 days without updating the low of the downward trend of BTC and ETH

• 348 days of global downward trend in the cryptocurrency market

• 14% growth in BTC from the local low on October 13

• 30% increase in ETH from the local low on October 13th

• +13 points added Crypto Fear & Greed Index from relative stagnation in October

• +$113 billion to capitalization from the local low on October 13

Bitcoin Growth Details

Although the downward trend ended around October 13, this value is $18,130, the main upward movement appeared only from October 25. On this day, the first cryptocurrency strengthened in value by 3.9%, setting the pace for buyers. On October 26, the upward cycle was extended to new levels, as a result of which the stagnation in October completed its formation, and the quote again turned out to be above the psychological level of $20,000.

Whether this local upward trend will signal the end of the downward trend, time will tell. While it is too early to draw such conclusions, recall that back in mid-August, the quote already gave hope for a change in trend, but everything ended not in the best way.

Now it is worth closely monitoring the monetary policy of the leading economies, as they will indicate the subsequent path of financial markets.

Ethereum Growth Details

The second largest cryptocurrency, Ethereum, has had similar cycles. On October 13, the local low of October at $1,190 was marked, and on October 25, the main jump in the activity of long positions appeared. As a result, the ETH quote strengthened in value by 8.64% in just a day. After that, the growth continued, where the stagnation of October was left behind, and the quote confidently overcame the level of $1,500.

Expectations for Bitcoin and Ethereum

As has been said many times, everything will depend on the policy of central banks, in particular, it is worth paying special attention to the Fed meetings in November and December. Perhaps bullish signals will appear soon.

Outlook

Based on a favorable forecast, Bitcoin growth may accelerate. The first benchmark is the $25,000 level area. In the event of its breakdown, the quote may well rush to $30,000 and possibly even higher. This will be the very long-awaited moment of the trend change.

For Ethereum, everything is similar, if the first cryptocurrency grows, then the entire crypto market will move to growth.

This image is no longer relevant

Gven Podolsky,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

萊特幣加密貨幣 2025 年 6 月 5 日星期四日內價格波動的技術分析。

在萊特幣加密貨幣的4小時圖上,出現了一個擴展下降楔形形態,這表明在不久的將來將會有增強的趨勢。儘管目前萊特幣有向下修正至85.33的潛力,但只要此下行修正沒有跌破並收在83.65以下,萊特幣依然有潛力再次上升至92.69的水平,如果增強的波動性和動能支援,下一個目標將瞄準於95.17。

Arief Makmur 09:53 2025-06-05 UTC+2

6月5日加密貨幣市場交易建議

比特幣正面臨著頻繁達不到 106,000 美元的困境,並且更多時候會回落至 104,000 美元,這對短期而言是一個相當令人擔憂的信號。這種模式遲早可能會導致 BTC 的更大回調,甚至可能引發強烈的拋售。

Miroslaw Bawulski 09:20 2025-06-05 UTC+2

6月4日加密貨幣市場交易建議

比特幣和以太坊持續嘗試突破關鍵阻力位,但一直面臨相同的障礙。 一方面,這表明主要市場玩家採取謹慎的態度,並持觀望立場。

Miroslaw Bawulski 09:19 2025-06-04 UTC+2

BTC與全球M2流動性之間的相關性仍然很高

比特幣仍然無法穩固地保持在 $106,000 以上的水平,這引起了一定的擔憂。儘管在最近的幾天內,其他山寨幣和代幣的表現要好得多,但比特幣屢次在 $106,000 價位遇到阻力的事實值得注意。

Jakub Novak 09:17 2025-06-04 UTC+2

2025年6月4日BTC/USD分析

BTC/USD在4小時圖上的波形變得更加複雜。我們觀察到一個修正性向下的結構,其形成完成於75,000美元左右的水平。

Chin Zhao 09:10 2025-06-04 UTC+2

6月3日加密貨幣市場交易建議

在亞洲交易時段,比特幣和以太幣均大幅上漲,儘管昨日的收盤略顯低迷。然而,儘管這些資產迅速走強,比特幣仍然未能保持在10.6萬美元水平之上,令進一步的增長變得複雜。

Miroslaw Bawulski 08:51 2025-06-03 UTC+2

比特幣的技術前景看起來很有潛力

比特幣似乎在靠近104,000美元的水平找到了底部,目前在6月初的交易價格約為104,500美元。 顯而易見,加密貨幣正處於一個心理和技術的重要分水嶺,這可能決定下一波牛市趨勢的成功或失敗。

Jakub Novak 12:36 2025-06-02 UTC+2

6月2日加密貨幣市場交易建議

儘管在上週末出現調整,Bitcoin 和 Ethereum 再次顯示出上升勢頭,但 Ethereum 落後一些。 銀行集團的專家還指出,隨著監管清晰度的提高以及企業、ETF管理公司和機構投資者的大量比特幣購買,BTC正面臨供應衝擊。

Miroslaw Bawulski 09:45 2025-06-02 UTC+2

2025年6月2日比特幣預測

比特幣在週末從目標水平 102,698 和內嵌的綠色價格通道線的支撐位形成反轉。 如果今天的蠟燭圖以白色(看漲)收盤,將確認價格位於通道線上方的鞏固,並明確開啟通向首個目標水平111,770的道路。

Laurie Bailey 04:30 2025-06-02 UTC+2

加密貨幣投資者仍受樂觀情緒困擾

儘管目前市場正在調整,但根據所謂的恐懼與貪婪指數顯示,投資者對購買加密資產的情緒依然保持樂觀,該指數如我們先前提到的,仍處於「貪婪」區域。 基本面風險——包括政治不確定性、債務增長及收益不穩定——仍對市場情緒產生影響。

Jurij Tolin 16:24 2025-05-30 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.