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AS A WHALE INSIDER I TOLD YOU GUYS THAT WE WILL SEE BTC BOUNCE BACK TO $72K OR $73K IN A FEW DAYS.
I told you all that we would see BTC bounce back to $72k in the coming days because some big whales would be depositing huge funds into the market so as to get the prize of BTC up a little bit.
Today we saw BTC climb up to above $72k for a few hours. It's a positive sign that we would see it rise upto $73k before the big crash happens.
We would still see it get to $73k because more whales wants to dump in more money into the market.
I told you that the moment it hits $73k if you have any BTC in stock please sell because these whales would not be keeping their money in there for too long as they'll be pulling it out very quickly hence the market value of BTC would tank down to $66k after which we would begin to see a more rapid decline until it hits $35k
You can only know things like this when you follow a whale insider like Cashflow Kendrick.
Follow for daily updates
#BinanceLaunchpool #BullorBear #Memecoins
Share with friends now
I told you all that we would see BTC bounce back to $72k in the coming days because some big whales would be depositing huge funds into the market so as to get the prize of BTC up a little bit.
Today we saw BTC climb up to above $72k for a few hours. It's a positive sign that we would see it rise upto $73k before the big crash happens.
We would still see it get to $73k because more whales wants to dump in more money into the market.
I told you that the moment it hits $73k if you have any BTC in stock please sell because these whales would not be keeping their money in there for too long as they'll be pulling it out very quickly hence the market value of BTC would tank down to $66k after which we would begin to see a more rapid decline until it hits $35k
You can only know things like this when you follow a whale insider like Cashflow Kendrick.
Follow for daily updates
#BinanceLaunchpool #BullorBear #Memecoins
Share with friends now
Price analysis 12/9: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX
Bitcoin (BTC) has pulled back near $98,000, indicating that the bears continue to fiercely defend the $100,000 level. CryptoQuant contributor Maartuun said in a post on X that long-term holders offloaded 827,783 Bitcoin since Nov. 8. He also highlighted several other signals in the thread, which suggest that Bitcoin may be close to a top.
However, there is no stopping MicroStrategy, one of the largest corporate holders of Bitcoin, which continues to build its stockpile. The firm said it bought 21,550 Bitcoin between Dec. 2–8 at an average price of $98,783. MicroStrategy co-founder and former CEO Michael Saylor told Yahoo Finance that he would be “buying the top forever.”
Daily cryptocurrency market performance. Source: Coin360
It is not only MicroStrategy that has been buying Bitcoin. CoinShares report shows that cryptocurrency investment products set a new record of $3.85 billion in inflows during the Dec. 2– Dec. 6 trading week.
Could Bitcoin’s stalled rally attract buyers to altcoins? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index (SPX) has formed a rising wedge pattern, which is usually considered a bearish setup.
SPX daily chart. Source: Cointelegraph/TradingView
However, if buyers drive the price above the resistance line of the wedge, it will invalidate the bearish setup. The failure of a bearish pattern is a bullish sign. That could propel the index to 6,221 and, after that, to 6,500.
Instead, if the price turns down from the current level, it will signal that the bears are selling near the resistance line. The index may drop to the 20-day exponential moving average (5,996) and then to the support line. A break and close below the support line will tilt the advantage in favor of the bears.
US dollar Index price analysis
The US dollar Index (DXY) is witnessing a tough battle between the bulls and the bears near the 20-day EMA (105.96).
DXY daily chart. Source: Cointelegraph/TradingView
If the price plummets below 105.42, the index may fall to the 50-day simple moving average (104.69). The bulls will try to defend the 50-day SMA because a break and close below it will bring the large 101 to 108 range into play.
If bulls want to assert their supremacy, they will have to push the price above 106.73. If they do that, the index could retest the overhead resistance at 108. The bulls may find it challenging to overcome the barrier at 108, but if they can pull it off, the rally could reach 114.
Bitcoin price analysis
Bitcoin’s repeated failure to maintain above the psychologically critical level of $100,000 may result in a pullback to the 20-day EMA ($95,673).
BTC/USDT daily chart. Source: Cointelegraph/TradingView
A strong rebound off the 20-day EMA will suggest that the bulls remain in command and every minor dip is being purchased. That will increase the possibility of a retest of the all-time high at $104,088. A break and close above $104,088 could start the next leg of the uptrend to $113,331 and later to $125,000.
Conversely, if the price continues lower and breaks below the 20-day EMA, it will suggest that the bulls are booking profits. The BTC/USDT pair may drop to $90,000 and eventually to the 50-day SMA ($84,719).
Ether price analysis
Ether (ETH) turned down from $4,094 on Dec. 6, indicating that the bears are fiercely defending the level.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
Sellers will try to pull the price to the 20-day EMA ($3,633), which is a crucial near-term support to watch out for. If the price rebounds off the 20-day EMA with force, it will signal a positive sentiment. That will improve the prospects of a break above $4,094. If that happens, the ETH/USDT pair may rally to $4,500.
If bears want to prevent the upmove, they will have to tug the price below the 20-day EMA. That may tempt short-term buyers to book profits, resulting in a fall to the downtrend line.
XRP price analysis
XRP’s (XRP) bounce fizzled out at $2.64 on Dec. 8, indicating that the bears are selling on relief rallies.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The bears will try to strengthen their position by pulling the price to the 20-day EMA ($1.99). If the price rebounds off the 20-day EMA with strength, the bulls may again attempt to push the XRP/USDT pair toward $2.91.
Contrarily, a break and close below the 20-day EMA will signal that the bulls are rushing to the exit. That suggests the pair may have topped out in the near term. The pair could descend to $1.90 and later to $1.68.
Solana price analysis
Solana (SOL) turned down from the overhead resistance of $248 and dipped below the 20-day EMA ($232).
SOL/USDT daily chart. Source: Cointelegraph/TradingView
The flattening 20-day EMA and the relative strength index (RSI) near the midpoint suggest a possible range formation in the near term. The SOL/USDT pair could drop to $210, where buyers are expected to step in. If the price rebounds off $210, the pair may rise to $248 and remain between these two levels for some time.
Buyers will have to propel the price above the $248 to $264 resistance zone to seize control. On the downside, a break and close below $210 could suggest that the bears are back in the game.
BNB price analysis
The bulls are finding it difficult to sustain BNB (BNB) above the crucial level of $722, indicating selling on rallies.
BNB/USDT daily chart. Source: Cointelegraph/TradingView
If the price maintains below $722, the BNB/USDT pair could decline to the 20-day EMA ($685). Buyers are expected to defend this level with all their might because a break below it could weaken the bullish momentum. The pair may descend to the 50-day SMA ($629).
On the contrary, if the price turns up from the current level or the 20-day EMA, it will signal demand at lower levels. The bulls will then again attempt to thrust the price above $794. If this level is taken out, the pair may skyrocket to $861.
Dogecoin price analysis
The bulls tried to push Dogecoin (DOGE) above $0.48 on Dec. 8, but the bears held their ground.
DOGE/USDT daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day EMA ($0.41) and the RSI in the positive zone indicate that the path of least resistance is to the upside. If buyers propel the price above $0.48, the likelihood of a rally above the channel’s resistance line increases. The DOGE/USDT pair could jump to $0.60.
This positive view will be invalidated in the near term if the price turns down and breaks below the channel. That could accelerate selling and pull the price to $0.33.
Cardano price analysis
The long tail on Cardano’s (ADA) Dec. 9 candlestick shows that the bulls are trying to defend the 50% Fibonacci retracement level of $1.10.
ADA/USDT daily chart. Source: Cointelegraph/TradingView
Buyers will have to drive the ADA/USDT pair above the $1.25 to $1.33 resistance zone to signal the resumption of the uptrend. The pair could surge to $1.64, which is expected to act as a stiff resistance.
On the downside, sellers will have to sink the price below the 20-day EMA ($1.05) to gain the upper hand. The pair could then plunge to $0.87. Such a deep fall could delay the start of the next leg of the uptrend.
Avalanche price analysis
Avalanche (AVAX) tried to resume the up move on Dec. 8, but the bears pulled the price back below the breakout level of $51 on Dec. 9.
AVAX/USDT daily chart. Source: Cointelegraph/TradingView
If sellers sustain the price below $51, the AVAX/USDT pair could drop to the 20-day EMA ($46.18). A strong bounce off the 20-day EMA will signal buying on dips. The bulls will then make one more attempt to push the pair above $56. If they do that, the pair may climb to $60 and subsequently to $65.
Alternatively, a break and close below the 20-day EMA will suggest that the bulls are losing their grip. The pair may then slump to $38.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
However, there is no stopping MicroStrategy, one of the largest corporate holders of Bitcoin, which continues to build its stockpile. The firm said it bought 21,550 Bitcoin between Dec. 2–8 at an average price of $98,783. MicroStrategy co-founder and former CEO Michael Saylor told Yahoo Finance that he would be “buying the top forever.”
Daily cryptocurrency market performance. Source: Coin360
It is not only MicroStrategy that has been buying Bitcoin. CoinShares report shows that cryptocurrency investment products set a new record of $3.85 billion in inflows during the Dec. 2– Dec. 6 trading week.
Could Bitcoin’s stalled rally attract buyers to altcoins? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index (SPX) has formed a rising wedge pattern, which is usually considered a bearish setup.
SPX daily chart. Source: Cointelegraph/TradingView
However, if buyers drive the price above the resistance line of the wedge, it will invalidate the bearish setup. The failure of a bearish pattern is a bullish sign. That could propel the index to 6,221 and, after that, to 6,500.
Instead, if the price turns down from the current level, it will signal that the bears are selling near the resistance line. The index may drop to the 20-day exponential moving average (5,996) and then to the support line. A break and close below the support line will tilt the advantage in favor of the bears.
US dollar Index price analysis
The US dollar Index (DXY) is witnessing a tough battle between the bulls and the bears near the 20-day EMA (105.96).
DXY daily chart. Source: Cointelegraph/TradingView
If the price plummets below 105.42, the index may fall to the 50-day simple moving average (104.69). The bulls will try to defend the 50-day SMA because a break and close below it will bring the large 101 to 108 range into play.
If bulls want to assert their supremacy, they will have to push the price above 106.73. If they do that, the index could retest the overhead resistance at 108. The bulls may find it challenging to overcome the barrier at 108, but if they can pull it off, the rally could reach 114.
Bitcoin price analysis
Bitcoin’s repeated failure to maintain above the psychologically critical level of $100,000 may result in a pullback to the 20-day EMA ($95,673).
BTC/USDT daily chart. Source: Cointelegraph/TradingView
A strong rebound off the 20-day EMA will suggest that the bulls remain in command and every minor dip is being purchased. That will increase the possibility of a retest of the all-time high at $104,088. A break and close above $104,088 could start the next leg of the uptrend to $113,331 and later to $125,000.
Conversely, if the price continues lower and breaks below the 20-day EMA, it will suggest that the bulls are booking profits. The BTC/USDT pair may drop to $90,000 and eventually to the 50-day SMA ($84,719).
Ether price analysis
Ether (ETH) turned down from $4,094 on Dec. 6, indicating that the bears are fiercely defending the level.
ETH/USDT daily chart. Source: Cointelegraph/TradingView
Sellers will try to pull the price to the 20-day EMA ($3,633), which is a crucial near-term support to watch out for. If the price rebounds off the 20-day EMA with force, it will signal a positive sentiment. That will improve the prospects of a break above $4,094. If that happens, the ETH/USDT pair may rally to $4,500.
If bears want to prevent the upmove, they will have to tug the price below the 20-day EMA. That may tempt short-term buyers to book profits, resulting in a fall to the downtrend line.
XRP price analysis
XRP’s (XRP) bounce fizzled out at $2.64 on Dec. 8, indicating that the bears are selling on relief rallies.
XRP/USDT daily chart. Source: Cointelegraph/TradingView
The bears will try to strengthen their position by pulling the price to the 20-day EMA ($1.99). If the price rebounds off the 20-day EMA with strength, the bulls may again attempt to push the XRP/USDT pair toward $2.91.
Contrarily, a break and close below the 20-day EMA will signal that the bulls are rushing to the exit. That suggests the pair may have topped out in the near term. The pair could descend to $1.90 and later to $1.68.
Solana price analysis
Solana (SOL) turned down from the overhead resistance of $248 and dipped below the 20-day EMA ($232).
SOL/USDT daily chart. Source: Cointelegraph/TradingView
The flattening 20-day EMA and the relative strength index (RSI) near the midpoint suggest a possible range formation in the near term. The SOL/USDT pair could drop to $210, where buyers are expected to step in. If the price rebounds off $210, the pair may rise to $248 and remain between these two levels for some time.
Buyers will have to propel the price above the $248 to $264 resistance zone to seize control. On the downside, a break and close below $210 could suggest that the bears are back in the game.
BNB price analysis
The bulls are finding it difficult to sustain BNB (BNB) above the crucial level of $722, indicating selling on rallies.
BNB/USDT daily chart. Source: Cointelegraph/TradingView
If the price maintains below $722, the BNB/USDT pair could decline to the 20-day EMA ($685). Buyers are expected to defend this level with all their might because a break below it could weaken the bullish momentum. The pair may descend to the 50-day SMA ($629).
On the contrary, if the price turns up from the current level or the 20-day EMA, it will signal demand at lower levels. The bulls will then again attempt to thrust the price above $794. If this level is taken out, the pair may skyrocket to $861.
Dogecoin price analysis
The bulls tried to push Dogecoin (DOGE) above $0.48 on Dec. 8, but the bears held their ground.
DOGE/USDT daily chart. Source: Cointelegraph/TradingView
The upsloping 20-day EMA ($0.41) and the RSI in the positive zone indicate that the path of least resistance is to the upside. If buyers propel the price above $0.48, the likelihood of a rally above the channel’s resistance line increases. The DOGE/USDT pair could jump to $0.60.
This positive view will be invalidated in the near term if the price turns down and breaks below the channel. That could accelerate selling and pull the price to $0.33.
Cardano price analysis
The long tail on Cardano’s (ADA) Dec. 9 candlestick shows that the bulls are trying to defend the 50% Fibonacci retracement level of $1.10.
ADA/USDT daily chart. Source: Cointelegraph/TradingView
Buyers will have to drive the ADA/USDT pair above the $1.25 to $1.33 resistance zone to signal the resumption of the uptrend. The pair could surge to $1.64, which is expected to act as a stiff resistance.
On the downside, sellers will have to sink the price below the 20-day EMA ($1.05) to gain the upper hand. The pair could then plunge to $0.87. Such a deep fall could delay the start of the next leg of the uptrend.
Avalanche price analysis
Avalanche (AVAX) tried to resume the up move on Dec. 8, but the bears pulled the price back below the breakout level of $51 on Dec. 9.
AVAX/USDT daily chart. Source: Cointelegraph/TradingView
If sellers sustain the price below $51, the AVAX/USDT pair could drop to the 20-day EMA ($46.18). A strong bounce off the 20-day EMA will signal buying on dips. The bulls will then make one more attempt to push the pair above $56. If they do that, the pair may climb to $60 and subsequently to $65.
Alternatively, a break and close below the 20-day EMA will suggest that the bulls are losing their grip. The pair may then slump to $38.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin Buy Time? Whale Acquires $183 Million Worth of $BTC
Bitcoin Buy Time? Whale Acquires $183 Million Worth of $BTC
The post Bitcoin Buy Time? Whale Acquires $183 Million Worth of BTC
The overall cryptocurrency market appears to be struggling, including major players like Bitcoin (BTC), Ethereum (ETH), and others. Amid this ongoing downturn, whale transaction tracker Lookonchain shared a post on X (formerly Twitter), reporting that a newly created wallet had withdrawn a significant 1,850 BTC worth $183.37 million from Binance, the world’s largest cryptocurrency exchange.
Whale Buys $183 Million Worth Bitcoin
However, this notable withdrawal comes at a time when BTC has dropped to a support level near $97,300. Additionally, it follows MicroStrategy’s acquisition of 21,550 BTC worth $2.1 billion, purchased at an average price of $98,783, as reported by CoinPedia.
These recent acquisitions suggest that this whale and the institution are capitalizing on a perfect buy-the-dip opportunity.
$335 Million of BTC Outflow from Exchanges
In addition to the recent BTC withdrawals by whales and institutions, on-chain analytics firm Coinglass revealed that exchanges have experienced a significant outflow of $335 million worth of Bitcoin in the past 24 hours. This indicates a potential buying opportunity and suggests possible upside momentum in the coming days.
Source: Coinglass Bitcoin Technical Analysis and Upcoming Level
According to expert technical analysis, BTC has been trading in a pattern of higher highs and higher lows since November 11, 2024. Currently, BTC has reached a higher low in this pattern.
Source: Trading View
Historically, whenever BTC reaches this level, it tends to experience upside momentum. However, this time, investors and traders are speculating about whether the same upside momentum will occur, which might explain the rising interest from whales and institutions.
Based on recent price action, there is a strong possibility that BTC could soar by 6.5% to reach the $104,160 level in the coming days.
On the positive side, BTC’s Relative Strength Index (RSI) currently stands at 44, near the oversold region, suggesting a potential upside rally in the coming days. Additionally, BTC is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating an uptrend.
Current Price Momentum
Currently, BTC is trading near $97,700 and has registered a price decline of over 2.15% in the past 24 hours. During this period, its trading volume surged by 85%, indicating heightened participation from traders and investors amid bullish price activity.
The post Bitcoin Buy Time? Whale Acquires $183 Million Worth of BTC
The overall cryptocurrency market appears to be struggling, including major players like Bitcoin (BTC), Ethereum (ETH), and others. Amid this ongoing downturn, whale transaction tracker Lookonchain shared a post on X (formerly Twitter), reporting that a newly created wallet had withdrawn a significant 1,850 BTC worth $183.37 million from Binance, the world’s largest cryptocurrency exchange.
Whale Buys $183 Million Worth Bitcoin
However, this notable withdrawal comes at a time when BTC has dropped to a support level near $97,300. Additionally, it follows MicroStrategy’s acquisition of 21,550 BTC worth $2.1 billion, purchased at an average price of $98,783, as reported by CoinPedia.
These recent acquisitions suggest that this whale and the institution are capitalizing on a perfect buy-the-dip opportunity.
$335 Million of BTC Outflow from Exchanges
In addition to the recent BTC withdrawals by whales and institutions, on-chain analytics firm Coinglass revealed that exchanges have experienced a significant outflow of $335 million worth of Bitcoin in the past 24 hours. This indicates a potential buying opportunity and suggests possible upside momentum in the coming days.
Source: Coinglass Bitcoin Technical Analysis and Upcoming Level
According to expert technical analysis, BTC has been trading in a pattern of higher highs and higher lows since November 11, 2024. Currently, BTC has reached a higher low in this pattern.
Source: Trading View
Historically, whenever BTC reaches this level, it tends to experience upside momentum. However, this time, investors and traders are speculating about whether the same upside momentum will occur, which might explain the rising interest from whales and institutions.
Based on recent price action, there is a strong possibility that BTC could soar by 6.5% to reach the $104,160 level in the coming days.
On the positive side, BTC’s Relative Strength Index (RSI) currently stands at 44, near the oversold region, suggesting a potential upside rally in the coming days. Additionally, BTC is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating an uptrend.
Current Price Momentum
Currently, BTC is trading near $97,700 and has registered a price decline of over 2.15% in the past 24 hours. During this period, its trading volume surged by 85%, indicating heightened participation from traders and investors amid bullish price activity.
JasmyCoin Hits New 52-Week High: Will It Target $0.0717 Next?
The post JasmyCoin Hits New 52-Week High: Will It Target $0.0717 Next?
$JASMY With a market cap of $2,563,006,429 and a 24-hour trading volume of $2,181,194,443, JasmyCoin demonstrates strong investor interest. Over the past month, JasmyCoin’s recovery rally has broken a long-standing resistance trendline, ending the lower-high trend formation.
Will the ongoing recovery rally surpass this critical psychological mark? Let’s find out in our latest JasmyCoin price analysis.
$JASMY Price Performance
On the daily chart, the JasmyCoin price showcases a rounding bottom reversal. The parabolic rise in JASMY price began at the critical $0.016 support level. Since November 5, its market price has surged nearly 224%.
Tradingview
The bullish momentum has surpassed the crucial supply zone by $0.032 and $0.050. With an intraday gain of 1.23%, JasmyCoin has marked its 9th consecutive bullish candle.
This sustained streak of bullish candles has resulted in a 145% price surge, breaking above the 1.272 Fibonacci level at $0.0522. The current intraday fall aligns as a retest of the broken resistance level. The bullish recovery rally has resulted in a new 52-week high at $0.059068.
JasmyCoin Price Technicals and Price Targets
The recovery rally has triggered a golden crossover and a positive crossover between the 100-day and 200-day EMA lines. Moreover, the MACD and signal lines exhibit sigmoidal growth with increasing positive histograms, signaling robust bullish momentum.
The Fibonacci levels highlight upside price targets of $0.0717 and $0.1303, indicating a potential upside of 145%. On the downside, if JASMY price faces rejection, a potential retest of the 78.60% Fibonacci level at $0.03353 is possible.
Read More: JasmyCoin price prediction 2025-2030.
FAQs
What are JASMY price key targets?Key targets include $0.0717 and $0.1303, based on Fibonacci levels, indicating a potential upside of 145%.
What is JasmyCoin’s current price performance?JASMY price has surged nearly 224% in a month, marking a new 52-week high at $0.059068 with a 1.23% intraday gain.
What is JasmyCoin’s downside risk?If JasmyCoin faces rejection, a retest of the 78.60% Fibonacci level at $0.03353 is likely, providing support.
$JASMY With a market cap of $2,563,006,429 and a 24-hour trading volume of $2,181,194,443, JasmyCoin demonstrates strong investor interest. Over the past month, JasmyCoin’s recovery rally has broken a long-standing resistance trendline, ending the lower-high trend formation.
Will the ongoing recovery rally surpass this critical psychological mark? Let’s find out in our latest JasmyCoin price analysis.
$JASMY Price Performance
On the daily chart, the JasmyCoin price showcases a rounding bottom reversal. The parabolic rise in JASMY price began at the critical $0.016 support level. Since November 5, its market price has surged nearly 224%.
Tradingview
The bullish momentum has surpassed the crucial supply zone by $0.032 and $0.050. With an intraday gain of 1.23%, JasmyCoin has marked its 9th consecutive bullish candle.
This sustained streak of bullish candles has resulted in a 145% price surge, breaking above the 1.272 Fibonacci level at $0.0522. The current intraday fall aligns as a retest of the broken resistance level. The bullish recovery rally has resulted in a new 52-week high at $0.059068.
JasmyCoin Price Technicals and Price Targets
The recovery rally has triggered a golden crossover and a positive crossover between the 100-day and 200-day EMA lines. Moreover, the MACD and signal lines exhibit sigmoidal growth with increasing positive histograms, signaling robust bullish momentum.
The Fibonacci levels highlight upside price targets of $0.0717 and $0.1303, indicating a potential upside of 145%. On the downside, if JASMY price faces rejection, a potential retest of the 78.60% Fibonacci level at $0.03353 is possible.
Read More: JasmyCoin price prediction 2025-2030.
FAQs
What are JASMY price key targets?Key targets include $0.0717 and $0.1303, based on Fibonacci levels, indicating a potential upside of 145%.
What is JasmyCoin’s current price performance?JASMY price has surged nearly 224% in a month, marking a new 52-week high at $0.059068 with a 1.23% intraday gain.
What is JasmyCoin’s downside risk?If JasmyCoin faces rejection, a retest of the 78.60% Fibonacci level at $0.03353 is likely, providing support.
Crypto Correction Today: Will These Key Economic Events Crash the Market or Fuel This Week?
The post Crypto Correction Today: Will These Key Economic Events Crash the Market or Fuel This Week? appeared first on Coinpedia Fintech News
Next Week’s key economic events include inflation, oil, and labour market data. All of these are sensitive, and we can expect them to influence the cryptocurrency market immensely. Let’s try to understand the US economic scenario better.
Overview of Next Week’s Key Economic Events
Inflation Data
The NY Fed will release the Consumer Inflation Expectations data for November today, December 9, 2024. The October figure stood at 2.9%, which is the lowest reported since October 2020, after holding at 3% for over four months consistently. For November, Trading Economics predicts that the index will return to 3.0%
The US Consumer Price Index for November will be released on Wednesday, December 11. The CPI for October rose to 315.644 from 315.3 in September. November’s forecast is unchanged at 315.3 points.
The US Producer Prices Index for November is scheduled to be released a day after the US CPI’s release (on December 12). The index climbed to 145.615 points in October, its highest ever, up from 145.329 in September. For November, experts forecast a further increase to 146 points.
Higher CPI and PPI figures could signal persistent inflation, leading to potential Federal Reserve rate hikes. Tighter monetary policies reduce liquidity, often negatively affecting cryptos.
Oil Market Trends
The OPEC monthly oil market report will be released on December 11, Wednesday. It will offer insights into global oil market trends. Understanding oil trends is important as oil prices often affect global energy costs and investor sentiment.
A bullish oil market from OPEC’s report may lead to higher energy costs, impacting cryptos mining operations.
Jobless Claims and Labour Market Trends
The Initial Jobless data for the first week of December will be released on December 12, Thursday. The index rose to 224,000 on November 30, up from 213,000 on November 23. For December 7, the consensus is 221,000, with a TE forecast of 225,000.
Rising jobless claims can indicate economic distress, potentially driving more investors to cryptocurrencies.
Import/Export Prices
The Import and Export data for November will be released on December 13, Friday. The export index in October saw a 0.8% increase, surpassing markets expecting a 0.1% decline. For November, forecasts range from -0.3% to +0.9%. The import index in October rebounded by 0.3% after a 0.4% decline in September. November predictions range from -0.3% to +0.2%.
Strong export price growth indicates a robust economy, possibly reducing crypto’s appeal. Conversely, higher import prices could drive inflation fears, increasing demand for cryptocurrencies.
In conclusion, Next week’s economic data will likely play a pivotal role in shaping the crypto market’s direction.
Next Week’s key economic events include inflation, oil, and labour market data. All of these are sensitive, and we can expect them to influence the cryptocurrency market immensely. Let’s try to understand the US economic scenario better.
Overview of Next Week’s Key Economic Events
Inflation Data
The NY Fed will release the Consumer Inflation Expectations data for November today, December 9, 2024. The October figure stood at 2.9%, which is the lowest reported since October 2020, after holding at 3% for over four months consistently. For November, Trading Economics predicts that the index will return to 3.0%
The US Consumer Price Index for November will be released on Wednesday, December 11. The CPI for October rose to 315.644 from 315.3 in September. November’s forecast is unchanged at 315.3 points.
The US Producer Prices Index for November is scheduled to be released a day after the US CPI’s release (on December 12). The index climbed to 145.615 points in October, its highest ever, up from 145.329 in September. For November, experts forecast a further increase to 146 points.
Higher CPI and PPI figures could signal persistent inflation, leading to potential Federal Reserve rate hikes. Tighter monetary policies reduce liquidity, often negatively affecting cryptos.
Oil Market Trends
The OPEC monthly oil market report will be released on December 11, Wednesday. It will offer insights into global oil market trends. Understanding oil trends is important as oil prices often affect global energy costs and investor sentiment.
A bullish oil market from OPEC’s report may lead to higher energy costs, impacting cryptos mining operations.
Jobless Claims and Labour Market Trends
The Initial Jobless data for the first week of December will be released on December 12, Thursday. The index rose to 224,000 on November 30, up from 213,000 on November 23. For December 7, the consensus is 221,000, with a TE forecast of 225,000.
Rising jobless claims can indicate economic distress, potentially driving more investors to cryptocurrencies.
Import/Export Prices
The Import and Export data for November will be released on December 13, Friday. The export index in October saw a 0.8% increase, surpassing markets expecting a 0.1% decline. For November, forecasts range from -0.3% to +0.9%. The import index in October rebounded by 0.3% after a 0.4% decline in September. November predictions range from -0.3% to +0.2%.
Strong export price growth indicates a robust economy, possibly reducing crypto’s appeal. Conversely, higher import prices could drive inflation fears, increasing demand for cryptocurrencies.
In conclusion, Next week’s economic data will likely play a pivotal role in shaping the crypto market’s direction.
🚩 “STAY AWAY FROM IT (BITCOIN=🚫).
It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.”
—Warren Buffet, CEO of Berkshire Hathaway
Why did Buffet say this?
Why did the radio host say that television is bad?
Why did the postman hate email?
Why does the cashier hate self-checkouts?
When listening to people, PLEASE make sure to question where their opinions and intentions come from. Very often it's not because something is bad, but because it is bad...for THEM.
"When informing yourself and making financial decisions (buy/sell), ALWAYS take on multiple perspectives and see if the sources you take your influence from are unbiased and legitimate, so you can execute your strategy and game plan successfully."
—Matthias Mende, CEO of Bonuz Market
Stay safe, stay awesome,
- Professor Mende
#Mr_Coin #cryptowisdom
Share with friends now
It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.”
—Warren Buffet, CEO of Berkshire Hathaway
Why did Buffet say this?
Why did the radio host say that television is bad?
Why did the postman hate email?
Why does the cashier hate self-checkouts?
When listening to people, PLEASE make sure to question where their opinions and intentions come from. Very often it's not because something is bad, but because it is bad...for THEM.
"When informing yourself and making financial decisions (buy/sell), ALWAYS take on multiple perspectives and see if the sources you take your influence from are unbiased and legitimate, so you can execute your strategy and game plan successfully."
—Matthias Mende, CEO of Bonuz Market
Stay safe, stay awesome,
- Professor Mende
#Mr_Coin #cryptowisdom
Share with friends now
Picoin is $31 and I got so many #Picoins
Who can help me out.. I can’t trade my picoins to usdt… I need help
Who can help me out.. I can’t trade my picoins to usdt… I need help
#Write2Earn #TrendingTopic
Check it up 🤝
#AUCTION/USDT. Is bullish. according to the 4hr chart… we good to buy
Check it up 🤝
#AUCTION/USDT. Is bullish. according to the 4hr chart… we good to buy
Who can help me out with my pi.. I got pi coins 🙏🙏🙏
#trendNtell #UpdateAlert call of duty (#BTC) breaking through 43000.0.. #btc is currently in 42190.0 heading through 43k
According to my point of view #btc is going into uptown to 43k and drop down to 30k… I’m sure bitcoin will not go up to 45k… according to bitcoin prediction it’s bearish heading towards downtown way
According to my point of view #btc is going into uptown to 43k and drop down to 30k… I’m sure bitcoin will not go up to 45k… according to bitcoin prediction it’s bearish heading towards downtown way
#ETH #trendNtell #views WAIT FOR ETH UPTOWN TRENDS📉… EITHER TRADING PRICE CONSISTENTLY FELL FROM $2,600 BELOW THE $2,1600 IN THE PAST DAYS… REVEALING AN UPTOWN PATTERN… THIS REPRESENTS A 13% 📈Decrease OVER THE PAST DAYS… LET WAIT A LITTLE WHILE FOR A GOOD UPTOWN MOVE📉… #ETH IS THE SECOND MOST VALUABLE COIN IN THE MARKET.. DYOR AND KEEP YOUR EYES ON THE MARKET…
YOU’RE AT YOUR OWN RISK… BE SAFE OUT THERE
YOU’RE AT YOUR OWN RISK… BE SAFE OUT THERE
#MyFirstFeedPost #TradeNTell Hello, Binance Square!
$BNB IS DOWN NOW…. AND OUR TEAM ANALYSIS ABOUT BNB GRAPH 📈 THE RESULTS CAME OUT DOWNTOWN AND IF YOU ALL KNOW ABOUT DOWNTOWN MEANING THEN AFTER ITS FLOWS PRICE THEN IT WILL PUMP SO HIGH.. I CALLED IT THE UPTOWN WAY📉TO THE MOON AND MY ADVICE AND ALSO COINCODEX WHALE PRICE PREDICTION IS THAT BNB WILL GAIN UPTOWN WAY📉 $900
$BNB IS DOWN NOW…. AND OUR TEAM ANALYSIS ABOUT BNB GRAPH 📈 THE RESULTS CAME OUT DOWNTOWN AND IF YOU ALL KNOW ABOUT DOWNTOWN MEANING THEN AFTER ITS FLOWS PRICE THEN IT WILL PUMP SO HIGH.. I CALLED IT THE UPTOWN WAY📉TO THE MOON AND MY ADVICE AND ALSO COINCODEX WHALE PRICE PREDICTION IS THAT BNB WILL GAIN UPTOWN WAY📉 $900
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