No Result
View All Result
Thursday, September 21, 2023
  • Login
LiveBetPro - Soccer Betting Tips, Crypto Casino, Crypo Exchanger
  • Home
  • Crypto Casinos
    • Best Cryptocurrency Casinos
  • Bookmakers
    • Top Online Bookmakers 2023
  • Exchanges
    • Best Cryptocurrency Exchanges
    • Best Crypto Derivatives Exchanges [2023]
    • 9 Best Bitcoin Exchanges
    • Bybit Review
    • Binance Review 2023
    • Coinbase Review [2023]
    • Gate.io Exchange Review [2023]
    • KuCoin Review 2023
    • BitYard Review [2023]
  • Scripts Bots
    • Seuntjies DiceBot
  • Betting Tips
  • Promotions
  • Contact Us
No Result
View All Result
  • Home
  • Crypto Casinos
    • Best Cryptocurrency Casinos
  • Bookmakers
    • Top Online Bookmakers 2023
  • Exchanges
    • Best Cryptocurrency Exchanges
    • Best Crypto Derivatives Exchanges [2023]
    • 9 Best Bitcoin Exchanges
    • Bybit Review
    • Binance Review 2023
    • Coinbase Review [2023]
    • Gate.io Exchange Review [2023]
    • KuCoin Review 2023
    • BitYard Review [2023]
  • Scripts Bots
    • Seuntjies DiceBot
  • Betting Tips
  • Promotions
  • Contact Us
No Result
View All Result
LiveBetPro - Soccer Betting Tips, Crypto Casino, Crypo Exchanger
No Result
View All Result
Home Crypto

Will Bitcoin price ruin Ethereum’s Merge or will ETH suck volatility out of BTC?

LiveBetPro by LiveBetPro
September 15, 2022
in Crypto
1
btc
193
SHARES
1.5k
VIEWS

(Akash Girimath – FXStreet)

– Bitcoin price continues to hover around $20,000 after the recent sell-off.

– Although BTC is ranging, investors should prepare for a sweep of $18,497.

– A daily candlestick close above the $25,000 level will invalidate the bearish outlook for BTC.

Bitcoin price produced took a massive and sudden U-turn after the US Consumer Price Index (CPI) data was announced on September 13. Although the CPI decreased from 8.5% to 8.3% year-on-year, it was higher than the expected rate of 8.1%.

Related articles

Paypal Suspends Stablecoin Development Due to NYDFS Examination

Paypal Suspends Stablecoin Development Due to NYDFS Examination

February 11, 2023
Its Advantages Over Traditional Fiat Currencies

Evolution of Crypto – Its Advantages Over Traditional Fiat Currencies

February 8, 2023

This discrepancy caused the S&P500 and Nasdaq to crumble. Bitcoin price took a cue from this sell-off and pulled a similar move. Regardless, all eyes are on Bitcoin as it could ruin the highly-anticipated Merge scheduled to occur on Ethereum.

After this successful update, Bitcoin will be the only Proof-of-Work coin among the top 10 largest cryptocurrencies based on market capitalization.

Bitcoin price pauses its macro outlook

Bitcoin price has produced a string of lower highs and lower lows since November 10, 2021, denoting the persistence of a macro bearish outlook. Although BTC attempted to break out of this trend between June 18 and August 14, it failed.

The 43% run-up was BTC bulls’ attempt to set a higher high. Instead, it set a swing high at $25,209 and triggered a sell-off. Although Bitcoin price catalyzed another rally, it set a lower high at $22,800, revealing that the downswing since $25,209 is still in play.

After the CPI announcement on September 13, Bitcoin price has shed roughly 10% in a single twelve-hour candlestick and is currently hovering around the $20,000 psychological level. If this bearish momentum persists, BTC could produce a lower low below the immediate swing low at $18,497 formed on September 6. However, market participants should also note that Ethereum’s highly-anticipated Merge upgrade is scheduled to go live in under two hours. This event could sway the spotlight to ETH and other relevant coins, leaving BTC to consolidate in a tight range.

After this move, investors could stay on the sidelines to see if Bitcoin price is ready for a new macro swing low below $17,570. If successful, it would indicate a continuation of the macro bearish outlook. 

BTCPERP

On the other hand, if Bitcoin price produces a daily candlestick close above $25,000 and flips it into a support floor, it would create a higher high and invalidate the bearish thesis. This development could also catalyze the sidelined buyers to jump in and create a positive feedback loop, which could propel Bitcoin price to retest the $28,000 hurdle.

Read Pre-Merge Ether exchange inflows of over $1b trigger fears of price drop

Post Views: 242

Related posts:

cryptoTop 3 Price Prediction Bitcoin, Ethereum, Ripple: How long can crypto markets cling to the Merge narrative? BitcoinEthereumRippleTop 3 Price Prediction Bitcoin, Ethereum, Ripple: Spurts of bullish momentum fight resurging bears BitcoinEthereumRippleTop 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets scramble for recovery before the next crash BitcoinEthereumRippleTop 3 Price Prediction Bitcoin, Ethereum, Ripple: Can bulls make a strong comeback this week? BitcoinEthereumRippleTop 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto recovery rallies have unfinished business BitcoinEthereumRippleTop 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC shows potential for a recovery rally BitcoinEthereumRippleTop 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears overpower hopeful bulls, here’s what to expect next XRPUSDTTop 3 Price Prediction Bitcoin, Ethereum, Ripple: Are your bags packed for FOMO Season?
Tags: Bitcoin priceBitcoin price pauses its macro outlookBTCPERP newsEthereum priceUS Consumer Price Index (CPI) data

Related Posts

Paypal Suspends Stablecoin Development Due to NYDFS Examination

Paypal Suspends Stablecoin Development Due to NYDFS Examination

by LiveBetPro
February 11, 2023
0

Paypal Halts Stablecoin Project Following NYDFS Scrutiny Paypal has recently announced that it will suspend the development of its upcoming...

Its Advantages Over Traditional Fiat Currencies

Evolution of Crypto – Its Advantages Over Traditional Fiat Currencies

by LiveBetPro
February 8, 2023
0

Cryptocurrency, a digital or virtual currency secured by cryptography, has evolved as a decentralized alternative to traditional fiat currencies. It...

BinanceCoin

BNB/USD (Binance) Elliott Wave analysis – Turn the higher taking place

by LiveBetPro
February 7, 2023
1

(Elliott Wave Forecast Team) Binance Coin is the cryptocurrency issued by the Binance exchange and carries the BNB symbol. With...

AdaSwap, a Cardano Ecosystem Builder All Set For Launch of Public Testnet

Cardano price looks overpriced, 17% nosedive likely for ADA

by LiveBetPro
February 7, 2023
1

(Filip L. - FXStreet) - Cardano price jumps over 2% in a slight recovery during the European session. - ADA...

LunaTerra

Luna Classic gears up for recovery after Binance support and latest upgrade

by LiveBetPro
February 7, 2023
2

(Ekta Mourya - FXStreet) - Terra Classic network upgrade from v1.0.4 to v.1.0.5 has received Binance’s support, and the exchange...

Load More
  • Trending
  • Comments
  • Latest
Are-Your-Investments-Safe-with-Crypto-Trading-Bots

Are Your Investments Safe with Crypto Trading Bots?

June 8, 2022
freebitco-Multiply BTC

Freebitco Review – Discover Multiple Ways To Earn Free Bitcoins

June 4, 2022
livebetpro-tips

Soccer Prediction Betting Tips 11112022

September 5, 2023
sol-vs-ada

Solana entities sold 50M tokens to FTX – How long will SOL price suffer?

November 16, 2022
bitcoin

Bitcoin

119
Ethereum

Ethereum

58
8-Tips-On-How-To-Make-Money-Sports-Betting

8 Tips On How To Make Money Sports Betting

49
How-To-Use-Crypto-Online-Gambling-Websites

How To Use Crypto Online Gambling Websites

47
livebetpro-tips

Soccer Prediction Betting Tips 21092023

September 21, 2023
livebetpro-tips

Soccer Prediction Betting Tips 20092023

September 20, 2023
livebetpro-tips

Soccer Prediction Betting Tips 19092023

September 19, 2023
Essential Football Betting Tips for Beginners

Essential Football Betting Tips for Beginners

September 19, 2023

Connect with LiveBetPro.com

telegram twitter

Now online

livebetpro

Livebetpro Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact Us:

– Skype: fxvnpro
– Email:
livebetpro@gmail.com
admin@livebetpro.com

Payment Methods

– Webmoney
– Perfect Money
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Disclamers

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in Casinos, Bettings, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. Livebetpro is not responsible for any information on the website.

Risk Warning

Please be aware of your investment into bettings/casinos/cryptos which is high risk and not suitable for everyone.

Recent Posts

  • Soccer Prediction Betting Tips 21092023
  • Soccer Prediction Betting Tips 20092023
  • Soccer Prediction Betting Tips 19092023
  • Essential Football Betting Tips for Beginners
  • Soccer Prediction Betting Tips 28072023
  • Crypto Dice game tips
  • Soccer Prediction Betting Tips 03042023
  • Soccer Prediction Betting Tips 20032023
  • Soccer Prediction Betting Tips 14032023
  • Soccer Prediction Betting Tips 13032023

Categories

  • Affiliate Programs
  • Betting Tips
  • Bitcoin
  • Blockchain
  • Blockchain Gaming
  • Crypto
  • Crypto Casinos
  • crypto lending platform
  • Crypto Mining
  • Crypto Trading
  • Crypto Trading Bots
  • Crypto Wallets
  • Cryptocurrency Price analysis and Prediction
  • DeFi
  • Earn Free Crypto
  • Ethereum
  • Exchanges
  • Faucets
  • Investment News
  • NFT
  • Promotions
  • Ripple
  • Scripts Bots
  • sport betting
  • USDT
  • Web3
  • XRP
  • About
  • FAQ
  • Contact Us

© 2023 by LiveBetPro.

No Result
View All Result
  • Contact Us
  • Homepages

© 2023 by LiveBetPro.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In