Bitcoin Price Prediction as Ukraine Conflict Escalation Fears Send Prices Lower – Time to Buy the Dip? – Cryptonews

Bitcoin Price Prediction as Ukraine Conflict Escalation Fears Send Prices Lower – Time to Buy the Dip? – Cryptonews

Blockchain Crypto Market Technology
November 18, 2022 by Coinvasity
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The price of Bitcoin remains under $17,000 following the release of UK inflation figures. which came back higher than expected. Most altcoins in the market have also followed suit, as traders remain in wait-and-see mode.Bitcoin is currently trading at $16,740 after starting the day at $16,886. BTC has ranged between $16,761 and $17,002 over the
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The price of Bitcoin remains under $17,000 following the release of UK inflation figures. which came back higher than expected. Most altcoins in the market have also followed suit, as traders remain in wait-and-see mode.
Bitcoin is currently trading at $16,740 after starting the day at $16,886. BTC has ranged between $16,761 and $17,002 over the past 24 hours as the recent Russia-Ukraine conflict has suppressed prices.
The main worry about the war in Ukraine is that it may escalate into a larger confrontation between Moscow and the US-led NATO alliance. The fatal missile strike on a Polish village on the Ukrainian border has intensified that fear.
At 3:40 p.m. on Tuesday, a missile hit Przewodów, a town in southeastern Poland not far from Ukraine’s border, killing two farm laborers, according to local media.
The US has since said it believes the missiles originated from Ukraine, soothing fears of an escalation to the war. However, the uncertainty has still caused a sell-off in the global markets.
According to the Labor Department’s report released on November 15, the cost of wholesale products, excluding food and energy, has decreased. The trend may be due to improved supply chains and slowed demand caused by higher borrowing rates. It reinforces economists’ claims that the prices of goods had started to decline.
The producer pricing index (PPI) also indicated a slowing in inflation. The 0.6% increase in the cost of final-demand items was reportedly responsible for the increase in PPI, excluding food, energy, and trade services. In October, the PPI increased by 0.2%, less than the 0.4% consensus estimate, and annual prices fell from 8.4% to 8.0%.​ 
As a result of lower-than-expected PPI data, the crypto market has risen, and prices have increased. BTC/USD started to increase in value shortly after the announcement. The crypto market has risen and prices have risen as a result of lower-than-expected PPI data. Shortly after the announcement, the value of BTC/USD began to rise.
After a parabolic rise throughout 2022, the US dollar index is beginning to show signs of cooling. The most recent CPI and PPI data showed the Fed making significant progress in controlling inflation. 
If current momentum continues, investors may see a falling DXY as a reason to increase their exposure to risky assets such as cryptocurrencies.
At the time of writing, DXY was at 106, down 0.25%. Historically, a drop in the DXY corresponds to a rally in the price of Bitcoin. If the DXY keeps falling, BTC may rise back above $20,000 in the coming weeks.
The United States Securities and Exchange Commission (SEC) has extended the deadline for deciding whether shares of ARK 21Shares’ Bitcoin exchange-traded fund should be listed on the Chicago Board Options Exchange.
It postponed the decision until January 27, 2023.
On May 13, ARK 21Shares submitted the Bitcoin (BTC) ETF application to the federal regulator for the first time. On November 15, the SEC announced that the designation period would be extended.
This year, the market regulator has rejected numerous proposals for Bitcoin-tracking ETFs, including those from Grayscale, Fidelity, and NYDIG. 
At the time of writing, the price of  Bitcoin is $16,649, with a 24-hour trading volume of $34 billion. Bitcoin has dropped by around 1% in the last day and currently holds a market capitalization of $349 billion. 
Bitcoin’s technical outlook hasn’t changed much, as it’s still trading in line with our previous Bitcoin price prediction.
Bitcoin is consolidating in a wide trading range between $16,000 and $17,200, with a breakout determining future price action. Bitcoin has completed a 38.2% Fibonacci retracement at the $18,100 level in the 4-hour timeframe and has now dropped below the 23.6% Fibonacci level of $17,250.
On the downside, Bitcoin’s immediate support is at $17,250, and a bearish trend continuation could push the price down to the $15,850 support level. Since the RSI and 50-day moving average indicate a bearish bias, we may see the BTC price fall to $15,850 if current support is unable to hold.
The MACD, on the other hand, is in a buying zone, but the most recent histograms are shrinking, indicating a weakening bullish bias. Having said that, selling can be seen today below the $17,250 level.
Increased demand for BTC, on the other hand, has the potential to cut through the $17,250 resistance and push the BTC/USD price to $18,250 and above, toward $20,000.
Dash 2 Trade is an Ethereum-based trading intelligence platform that provides traders of all skill levels with real-time analytics and social data, allowing them to make more informed decisions. 
It began its token sale three weeks ago and has since raised over $6.3 million. It has also confirmed its first CEX listing on LBank exchange.
1 D2T is currently worth 0.0513 USDT, but this is expected to rise to $0.0533 in the next stage of sales and $0.0662 in the final stage.
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Calvaria is a new cryptocurrency gaming project with the potential to dominate the play-to-earn market. Calvaria developers have identified that one of the main barriers to widespread Web3 gaming adoption is that games require users to have technical knowledge of crypto. This means that a lot of users are left out.
As such, Calvaria allows users who don’t hold cryptocurrency to play the game, setting it apart from the competition and enabling a whole new audience to get invovled.
Calvaria’s presale is gaining traction, with the project already in stage 4 of 10 and close to $1.7 million in funding.

1 RIA token currently costs $0.025 but this will increase incrementally in each subsequent stage of the presale which is currently in Stage 4.
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RobotEra (TARO) is another project that has the potential to change the gaming community and the virtual world. The asset’s presale has only recently begun, but there is already considerable interest from prospective buyers.
RobotEra is a blockchain-based Metaverse where users can create avatars and explore a digital world, and the platform’s native token is TARO. In RobotEra, players can purchase land, build on it, and expand their regions with various assets.
Furthermore, RobotEra has a shared metaverse where users can engage in a variety of activities such as sports, concerts, and other competitive events.
The first stage of TARO’s presale is now live, and it is quickly selling out.
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