In this week’s episode of Market Report, Cointelegraph’s resident experts discuss how much longer this crypto winter could last.
In this week’s The Market Report, Cointelegraph’s resident experts discuss how much longer this crypto bear market could last and when we might see a return of volatility to the markets.
To start, we break down the latest news in the markets this week:
Bitcoin Price Rises Closer to $20K as “Worst” US Data Drives Stocks
A relief bounce is seen in business risk assets after October’s Empire State Manufacturing Index numbers fell far short of expectations. The figures fell to -9.1 in October, well below the forecast of -4.3 and the -1.5 reading for September. Some industry analysts see this as much worse than expected, but it could actually hurt Bitcoin.
BTC
dial down
$19,820
to gather in the near future?
Bitcoin Holds On To $19K As Trader Promises Capitulation Will ‘Happen’
Bitcoin remained rigidly pegged at $19,000 at the weekly close on Oct. 16 as analysts warned that the volatility was long over. After US economic data triggered a series of signature false events during the week, Bitcoin has returned to its original position and shows no signs of breaking out of its established range. When will volatility return to the markets and bring some excitement with it?
Post-Midterm Election Garbage? Bitcoin Will See $12K If This 2018 BTC Fractal Chart Is True
Bitcoin’s buildup during the 2022 bear market looks stronger than it did in 2018, but macro headwinds could crash the party this time. While Bitcoin investors do not consider the US midterm elections to be a significant event, a terrifying fractal from 2018 may offer a hint of what could happen before the year is out.
Our experts cover these and other developing stories, so be sure to tune in to stay up to date on the latest from the crypto world.
Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry 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 carefully examines BTC and Ether
ETH
dial down
$1,496
Markets. Are current market conditions bullish or bearish? What is the outlook for the coming months? Pechman is here to break it.
Finally, we have 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 stand out this week, so be sure to log in to find out.
Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will have a chance to win a $50 gift voucher to the Cointelegraph Item Shop.
The market report airs every Tuesday at 12:00 p.m.
