By Kigasar - 19.02.2020
Btc forecast september 2020
W/c 21st September Bitcoin price, Ethereum price, Ripple price movements and crypto news for the week. Bitcoin (BTC) fell by ~11% over the course of the week and ends it just above the $10, price level. The Bitcoin price touched as high as.
Bitcoin price analysis for September 28-Oct 4: the coin is getting ready for a sharp up-move
As a result, as one third of the experts expected, the pair could not break out of the 1. Moreover, its trading range narrowed to 1.
So, what actually happened? On the one hand, the tone of the European regulator's statement turned out to be even more hawkish than investors btc forecast september 2020 expected. The ECB has taken a very optimistic position on the prospects for the eurozone economy.
Btc forecast september 2020 a press conference, its head, Christine Lagarde, said that macro statistics indicate a rapid recovery in domestic demand and activity in the manufacturing sector. However, she urged not to overreact to the growth of the euro over the past five months.
Bitcoin Forecast: Daily Chart
According to her, the regulator focuses not https://obzor-market.ru/2020/onedrive-referral-bonus-2020.html the exchange rate of the European currency itself but monitors its impact on inflation. After such statements, the rate went up and even rose above the 1.
As a result, a sharp reversal followed, quotes fell down, and the pair ended https://obzor-market.ru/2020/amc-gold-ticket-expired.html week in the same place where it began, at 1.
The beneficiaries this week were traders btc forecast september 2020 opened short positions on this pair. As expected by most analysts, the pound continued its decline, losing points btc forecast september 2020 the week and ending the five-day period at 1.
The reason for the massive sale of the pound was the latest move of the British Prime Minister Boris Johnson, who introduced a bill on the internal market to Parliament.
Bitcoin (BTC) Price Prediction and Analysis in September 2020
If approved, this document could derail the already agreed btc forecast september 2020 on the country's withdrawal from btc forecast september 2020 EU.
In response to this move, Brussels issued an ultimatum to the British side demanding that the plans to revise the Agreement be abandoned by the end of September.
But London btc forecast september 2020 standing its ground, and there is no btc forecast september 2020 out of this stalemate, which makes the scenario of a "hard" Brexit quite likely.
The United States also joined https://obzor-market.ru/2020/should-i-buy-cryptocurrency-2020.html skirmish. Added to all this is the slow pace of the British economy's recovery and the not-so-encouraging situation with the coronavirus pandemic.
Since the last ten days of February this year, the pair has been gradually consolidating around And, as the experts expected, it was never able to leave the channel Against the backdrop of btc forecast september 2020 stock markets, both currencies of this pair continued to act in tandem as protective assets, which ensured their synchronization and further narrowing of the trading range to 60 points within The final chord of the five-day was set at Of course, one can expect sharp price increases on weekends, especially on the night from Sunday to Monday.
However, as practice shows, such trends are only short-term. It should be noted that the movement of bitcoin in a very narrow channel did not prevent learn more here number of transactions and hash rate from setting new highs.
Btc forecast september 2020 btc forecast september 2020 hashrate record was recorded on 11 May, before the third halving.
The number of monthly transactions exceeded thousand. In addition, btc forecast september 2020 was also a marked increase in average daily transaction volume, which reached At btc forecast september 2020 same time, bitcoin continues to lose ground.CRYPTO PSYCHIC PREDICTIONS - Bitcoin (BTC) September 2020
Its dominance index has fallen from Ethereum, on btc forecast september 2020 other hand, is doing much better, showing a rise from Note that high transaction fees make this leading altcoin virtually inaccessible to smaller retail players. But it attracts a lot of attention from the "whales".
Bitcoin Forecast and Analysis BTC/USD September 24, 2020
Let us start with the fact that neither trend indicators nor oscillators can give any intelligible signals after seven weeks of sideways movement in the 1. The experts' votes are also equally divided.
And even graphic analysis draws the fluctuations of the pair in this range until the end of September. Due to the fall in demand for risky assets and fears source a "hard" Brexit, many analysts expect that the Euro will strengthen btc forecast september 2020 position against the British pound, retreat against the Japanese yen and btc forecast september 2020 fight the dollar with varying success, without stable trends.
Contrary to Christine Lagarde's statements, Reuters sources claim that the ECB is not at all indifferent to the exchange rate, although the bank does not want to start a war with the US Federal Reserve because of it.
In their opinion, the rate of 1. Moreover, according to Reuters, the southern countries of the Eurozone are already quite nervous about the strengthening of their currency.
The reason lies in the btc forecast september 2020 recovery of the Old-World economy compared to the United States.
But the United States and Great Britain are among the outsiders. Certain adjustments to the expectations of experts may be made by the meeting of the US Fed and the subsequent press conference of its management on Wednesday 16 September.
And there is a btc forecast september 2020 small likelihood that the regulator will reduce the current interest rate by 0. The reasons why the pound can continue its flight south were described in the first part of our review.
Bitcoin Forecast (BTC/USD) and Longterm Prediction (2020)
The British currency will be able to stop the fall, turn around and start moving upwards if any warming is outlined in the current tense relations between London and Brussels. The situation is actually very serious, as the future of the Btc forecast september 2020 depends on btc forecast september 2020.
And the EU economy, in the case of a "hard" Brexitwill also receive a tangible blow.
This may indicate, if not a trend reversal, at least btc forecast september 2020 upcoming correction. Support levels btc forecast september 2020 1.
The target is the September 01 high,1. As for the important economic events, and they will fill almost the entire next week, Monday, September more info should be noted, when Parliament will vote on the Brexit terms and hear the inflation report.
UK labour market data will appear btc forecast september 2020 Tuesday September 15, followed by the consumer market here on September Also, on September btc forecast september 2020, a meeting of the Bank of Japan will take place, which with a high degree of probability will leave the btc forecast september 2020 rate unchanged.
So, there is no need for the regulator to make sharp movements, and, most likely, this event will pass without surprises and will not have any impact on the market. It is impossible to predict any movement of the pair based btc forecast september 2020 technical analysis.
Bitcoin price prediction for November 2020
With the narrowing of the maximum weekly volatility to here points and the ongoing consolidation of the pair around Understanding the reaction of crypto community participants to such astronomical numbers, PlanB adds that all this is possible, btc forecast september 2020 bitcoin has already done something similar in previous stages.
If you rewind the time machine and travel back btc forecast september 2020 to Novemberyou can see a serious blow to the stock market that the US presidential election can inflict.
And this will affect the quotes of the largest btc forecast september 2020. As for gold and bitcoin, they will be able to calmly weather the stock market crash. And if at that moment the US Federal Reserve lowers interest rates btc forecast september 2020 negative values, the dollar will weaken sharply and this, according to Dan Tapiero, will become a "mega-bull" incentive for bitcoin.
And now about the forecast for the second half of September. Its principle of operation btc forecast september 2020 to calculate the ratio of exchange-traded deposits of bitcoin to deposits of stablecoins, and it is based on the hypothesis that the resulting number is inversely proportional to the appetites of traders.The Most Realistic Bitcoin Price Prediction for October 2020 - MUST WATCH Bitcoin Prediction
This parameter is currently biased towards the bullish side. Trading in financial markets is risky and can result btc forecast september 2020 a complete loss of deposited funds.
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