When will the crypto bear market end? See the market report
On this week’s The Market Report show, Cointelegraph’s resident experts discuss how much longer this crypto bear market could possibly last and when we could see some volatility return to the markets.
To kick things off, we’re sharing the latest news on the markets this week:
Bitcoin price moves closer to $20,000 as ‘much worse’ US data boosts stocks
A bounce in risk asset relief looks set to wait after the Empire State Manufacturing Index figures for October came in well below expectations. The numbers fell to -9.1 for October, well below the -4.3 forecast and September’s -1.5 reading. Some industry analysts consider this to be much worse than expected, but could this actually cause Bitcoin (BTC) to rise in the near future?
Bitcoin clings to $19K as trader promises capitulation ‘will happen’
Bitcoin remained firmly pegged at $19,000 until the weekly close on October 16, when analysts warned that volatility was prolonged. After US economic data triggered a series of characteristic fakeout events during the week, Bitcoin returned to its original position and shows no signs of leaving its established range. When will volatility return to the markets and bring some excitement with it?
Dump after the midterm elections? Bitcoin Will See $12K If This 2018 BTC Chart Fractal Is Correct
Bitcoin accumulation during the 2022 bear market looks stronger than in 2018, but macro headwinds could spoil the party this time. While Bitcoin investors may not consider the US midterm elections a significant event, an eerie fractal from 2018 may provide a clue as to what may happen before the year ends.
Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the crypto world.
Next up is a segment called “Quick Crypto Tips,” which aims to provide newcomers to the crypto industry with quick and easy tips to get the most out of their experience. Tip of the week: Relative Strength Index (RSI)
Market expert Marcel Pechman then closely examines the BTC and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.
Finally, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so be sure to tune in to find out.
Have a question about a coin or a topic not covered here? Do not worry. Join the YouTube chat room and post your questions there. The person with the most interesting comment or question will have a chance to win a $50 gift card to the Cointelegraph merchandise store.
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