Bitcoin Price Forecast: Carry Trade Unwind Risks Another Sharp BTC Drop
Bitcoin Price Forecast: Could a Carry Trade Unwind Trigger Another Major Drop?
Analysis
15
December
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By John Isige - 12
Since the end of last month, the BTC/USD pair has been trading mostly within a sideways range of 93,750.00–87,500.00 (Murray level [3/8]–Murray level [2/8]). Last week, prices reached the upper boundary of this range amid monetary policy easing by the U.S. Federal Reserve.
8
December
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By John Isige
- 32
Last week, the BTC/USD pair showed mixed price action, spending most of its time trading within the 93,750.00–87,500.00 range (Murray level [3/8], Fibonacci 61.8% correction – Murray level [2/8]).
5
December
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By John Isige
- 40
Bitcoin is barely holding the $92,000 level, as both macroeconomic pressures and industry-specific developments weigh on the market.
4
December
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By Andrew Bennett - 51
November turned out to be a tough month for the crypto market. However, analysts at crypto exchange Coinbase see reasons for cautious optimism. What should traders focus on now to avoid missing a potential bottom?
2
December
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By John Isige
- 44
Bitcoin forecast: “We believe new all-time highs next year are entirely possible”
1
December
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By John Isige
- 58
Last week, BTC/USD attempted an upside correction within the broader medium-term downtrend: the price reversed near 80,600.00 and climbed toward 91,000.00 as markets increased bets on a December Fed rate cut, following dovish comments from officials, softer wholesale inflation (from 2.9% to 2.6%), and a slowdown in retail sales from 0.6% to 0.2%. According to the CME Group FedWatch Tool, the probability of monetary easing by year-end jumped from 30.0% to 87.0%, providing support to dollar-alternative assets.
25
November
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By John Isige
- 70
The recent Bitcoin correction has thrown many investors into panic. Here’s what really caused the crypto crash – and why the BTC price could still fall further.
24
November
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By John Isige
- 59
Last week, the BTC/USD pair tested the 81,250.00 level (Murray level [1/8]), but over the weekend it managed to recover part of its losses and returned to the 87,500.00 area (Murray level [2/8]).