Enter your emailThe pair will likely have a bullish breakout this week as investors target the next key resistance point at 26,000.Timeline: 1-2 days.BTC/USD priceIt rose to a high of 24,955, which was the highest level since June 13th of this year, meaning that it has recovered by about 40% from its lowest level this year.The BTC/USD pair continued its recovery as investors focused on corporate earnings and the falling American consumer and producer inflation.
These numbers showed that the Federal Reserve will likely slow its rate hiking cycle in the coming months. Still, most Fed officials who have talked after the data came out insisted that the bank will likely continue tightening in the coming months. They noted that inflation remains substantially above the Fed’s target of 2.0%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weekly Forex Forecast - CAD/JPY, USD/JPY, AUD/USD, EUR/USDStart the week of August 15, 2022 with our Forex forecast focusing on major currency pairs here.
Source: Daily_Forex - 🏆 567. / 51 Read more »
Forex Forecast: Pairs in Focus \u2013 AUD/USD, S\u0026P 500 IndexGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 15, 2022 here.
Source: Daily_Forex - 🏆 567. / 51 Read more »
Bitcoin (BTC) Price Analysis for August 14$BTC price analysis: the more likely scenario is a test of the mirror level at $25,400 by the end of the current month BTC Bitcoin BTCprice
Source: Utoday_en - 🏆 295. / 63 Read more »
Trading Support and Resistance \u2013 AUD/JPY, EUR/USD, GBP/USDGet our trading strategies with our monthly \u0026 weekly forecast of currency pairs worth watching using support \u0026 resistance for the week of August 15, 2022.
Source: Daily_Forex - 🏆 567. / 51 Read more »
Ethereum hits 8-month highs in BTC as money heads for 'riskier' altcoinsIs this a bear market rally or a start of a bull market? Ethereum continues its upward trend and reaches 8-month highs. Buy contest DFSMAFIA99 👀💸💸 💻 DailyFantasySport platform 🏈 NFT marketplace 💎 stuffed with utility 🤝 major partnerships 👥 Amazing community Hold +100mil DFSM & get a cut of future platform net proceeds💰 bnb crypto sports NFT 🚀 Thankss a millon $TEL telcoin_team
Source: Cointelegraph - 🏆 562. / 51 Read more »
Gold Price Forecast: XAU/USD drops further to test 50 DMA amid notable USD demandGold Price is tumbling towards the $1,780 level in European trading, having struggled around $1,800 earlier in the Asian session. The risk-off market
Source: FXStreetNews - 🏆 14. / 72 Read more »