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Will bulls take charge now that Bitcoin price trades above a long term trendline resistance?

Coin Telegraph LogoCoin Telegraph1 mo ago

Will bulls take charge now that Bitcoin price trades above a long term trendline resistance? - Coin Telegraph

Quick Summary:

Bitcoin bulls celebrated BTC’s push through a long term trendline resistance, but has anything actually changed?

All said, inflation remains high across the globe, corporate earnings expectations are being adjusted to the downside, and the FED appears confidently resolute in its current plans for reducing inflation.

Oil stocks rallied at the announcement, but the White House is likely concerned that the reductions will complicate the Federal Reserve’s fight against inflation and possibly contribute to higher petrol prices.


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Article Details

Author / Journalist: Cointelegraph By Ray Salmond

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 20:00:26 (1 months ago)

News Timezone: GMT -5:00

Ranking: #1156 (out of 3202 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 745873

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 25 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "Will bulls take charge now that Bitcoin price trades above a long term trendline resistance?" was covered 1 months ago by Coin Telegraph, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 25 news stories per day.

It's most recent story was published 13 hours ago.

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