The main macroeconomic event for this week is the Federal Reserve Chairman Jerome Powell’s speech on October 19. With higher-than-expected Nonfarm Pay
This week’s macroeconomic market mover is the Federal Reserve Chairman Jerome Powell’s speech on October 19. Grayscale’s victory is all but sealed, as the US SEC does not want to appeal the court’s decision. Bitcoin price has flashed a trend reversal signal on the weekly chart, indicating that a downtrend is around the corner. rolls and Inflation numbers, the chances that Jerome Powell hints at another interest rate hike are high. However, the CME FedWatch Tool shows a 90.
While this move satisfies the first condition of a trend reversal, the lower high produced in the first week of October at $28,592 is the second condition. With the two conditions met, Bitcoin price has officially produced a trend reversal signal on the weekly, indicating the potential end of the 2023 rally. BTC/USDT 1-week chart Going forward, investors need to be cautious of what comes next.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I fired my therapist after she asked for a $20 tip — am I in the wrong?This therapist is supposed to be giving tips — not asking for them.
Read more »
My friend wants to charge $20 to attend her gender reveal party -- is this wrong?A woman has ignited fierce debate online after revealing that her friend wanted to charge guests $20 to attend her gender reveal party.
Read more »
Powerball: See the winning numbers in Saturday’s $20 million drawingCheck your numbers to see if you hit it big in Saturday's jackpot.
Read more »
S&P 500 and Nasdaq 100 Forecast for the Week Ahead: Which Directional Bias Will Prevail?The S&P 500 and Nasdaq 100 face mixed outlooks since there is a case for a broader bullish bias and a near-term bearish outlook. What are key levels to watch ahead?
Read more »
Fat Bird Week highlights long flight aheadInspired by Fat Bear Week, birders at Creamer’s Field in Fairbanks initiated a Fat Bird Week to highlight the importance of fattening up for migrating birds.
Read more »
Top 5 things to watch in markets in the week aheadTop 5 things to watch in markets in the week ahead
Read more »