Bitcoin Traders Anticipate Volatility Amidst BoJ’s YCC Speculations

In the world of cryptocurrency, traders are constantly on the lookout for market-moving events that can spark volatility and present lucrative opportunities. However, Bitcoin has seen a lack of significant price movements recently, leaving traders eager for a catalyst.

As focus shifts to the Bank of Japan (BoJ), the world’s third-largest central bank, speculation arises that their upcoming decisions regarding the yield curve control (YCC) program could potentially influence global financial markets and, in turn, impact the cryptocurrency space.

The BoJ’s Yield Curve Control Program

A headstone of the Bank of Japan

For the past few years, the BoJ has been implementing the YCC program, which aims to stabilize the 10-year government bond yield near 0%. This monetary policy involves purchasing government bonds to ensure ample liquidity in the market. Consequently, this has led to downward pressure on bond yields across the advanced world, according to a CoinDesk report.

Financial experts suggest that the BoJ may make notable adjustments to its YCC program on Friday. Specifically, there is speculation that the bank might widen the 10-year JGB yield band from the existing +/- 50 basis points to +/- 100 basis points. By doing so, the BoJ would indirectly taper their bond purchases, potentially affecting liquidity-boosting efforts.

Understanding the Impact on Cryptocurrency Market

Some might dismiss these potential changes as having little impact on the cryptocurrency market. However, historical data tells us a different story.

Cryptocurrencies, including Bitcoin, have shown sensitivity to various market factors, including bond yields, bond market volatility, the dollar index, and global liquidity conditions. Therefore, any alterations to the BoJ’s YCC program and subsequent market volatility could very well translate to increased fluctuations in the crypto space.

According to CoinDesk, the International Monetary Fund (IMF) has recently recommended that Japan move away from the YCC program to prepare for a possible increase in interest rates from the current -0.1%. This suggestion, combined with the BoJ’s potential actions, has caught the attention of investors and may contribute to shifts in market sentiment.

Current Status of Bitcoin

BTC/USD daily chart from TradingView

As of the time of making this report, Bitcoin was trading at around $29,300, down by 0.25% on the day. Nevertheless, market participants remain watchful, fully aware that the BoJ’s forthcoming decision could hold the key to igniting a greater market movement.

 

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Quant Price Prediction: QNT/USD Ranges Around $105; Price Could Spike to the North

Quant Price Prediction – July 26

The Quant price prediction reveals that if bulls push the market price above the moving averages, QNT will head to the upside.

QNT/USD Medium-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $115, $120, $125

Support levels: $90, $85, $80

Quant Price Prediction: QNT/USD Ranges Around $105; Price Could Spike to the North
QNTUSD – Daily Chart

At the time of writing, QNT/USD is moving sideways, trading above the 9-day and 21-day moving averages. Meanwhile, as the coin hovers at $101.9, the bullish momentum will make the coin move toward the resistance level of $110 resistance level. Nevertheless, if the bulls fail to drive the price toward the upper boundary of the channel, the Quant price could slide below the moving averages.

Quant Price Prediction: QNT/USD Would Head to the Upside

The Quant price is changing hands at $101.9 where it could reclaim the resistance level of $105. The coin may stay above the 9-day and 21-day moving averages so that it can locate the potential resistance levels at $115, $120, and $125 above the upper boundary of the channel. Meanwhile, the support levels remain at $90, $85, and $80 for the new buyers to come into the market while the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

QNT/USD Medium-term Trend: Ranging (4H Chart)

The Quant price remains below the 9-day and 21-day moving averages but could head toward the upper boundary of the channel if the buyers increase the pressure. The technical indicator Relative Strength Index (14) moves below the 50-level, which suggests that the coin may move sideways before heading to the upside. This is to prepare the buyers for the upward movement and it could be the best time for more buyers to buy the dip.

QNTUSD – Daily Chart

However, any bullish movement toward the upper boundary of the channel could hit the resistance level at $108 and above. Nevertheless, QNT/USD could display some bearish signals if the market price crosses below the lower boundary of the channel, and the Quant price may locate the critical support at $96 and below.

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Bitcoin (BTC/USD) Price Is Mustering a Catalyst, Striving for Rises

Bitcoin Price Prediction – July 27
Bitcoin’s price is mustering a catalyst, striving for rises against the market valuation of the US currency from the psychological lower range point of $30,000, surfacing at higher trading spots that have peaked below the $32,000 resistance line some time ago.

Even though there have been pressures indicating that purchasers are attempting to surge back, a line of precautionary trade techniques must be adhered to when launching some order executions. Another technical viewpoint, however, contends that bears cannot ignore a consolidation moving picture at this moment. In order to protect any immediate long position orders, a stop-loss order should be placed closely below the point of $28513.78.

BTC/USD Market
Key Levels:
Resistance levels: $31,000, $33,000, $35,000
Support levels: $28,000, $27,000, $26,000

BTC/USD – Daily Chart
The BTC/USD daily chart showcases that the crypto-economic price is mustering a catalyst, striving for rises from variant close lower points below the level of $30,000.

The 14-day SMA indicator is at $29,861.96 above the $28,513.78 value of the 50-day SMA indicator. In order to consolidate between 13.13 and 8.04, the Stochastic Oscillators have slipped into the oversold area. A line of three different smaller bullish candlesticks that developed about three days ago indicated a dowse moment for the most recent retracement operations.
Bitcoin (BTC/USD) Price Is Mustering a Catalyst, Striving for Rises
What should purchasers do in response to the 14-day SMA, given the BTC/USD market’s current pace of gradual increases?
In order to avoid losing momentum back to the downside going upward from the present trade capacity of the BTC/USD market bulls, price has to forcibly push past the smaller SMA trend line, as it has been observed that the crypto-economic market is mustering a catalyst, striving for rises.

The positioning view of the majority of the lower trade charts, which indicates that a movement back to the north is imminent before pressing for buy orders afterward, also needs to be taken into consideration while determining buying actions at this point in the longing side of this technical analytical piece.

On the negative side of technical analysis, sellers may regain market control by rejecting surges that are likely to prove false around the resistance levels of $31,000 or, in turn, $32,000. If the anticipated trade situation persists over an extended period of time, a frightening breakout of those values may result in the establishment of even higher range-bound places.
Bitcoin (BTC/USD) Price Is Mustering a Catalyst, Striving for Rises
BTC/USD 4-hour Chart
The BTC/USD 4-hour chart shows the crypto-economic price is mustering a catalyst, striving for a rise closely below the SMA trend lines.

The 50-day SMA indicator’s price of $29,924.78 is below the 14-day SMA indicator’s price of $29,543.23. The medium-term run prognosis of this trade has been impacted to varying degrees by rising lows. And as a result of their actions, the stochastic oscillators are now fully positioned northbound between 96.07 and 99.05.

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Litecoin (LTC/USD) Price Is Consolidating a Base, Setting for Spikes

Litecoin Price Prediction – July 27
A couple of days ago, it was established that the LTC/USD market valuation is consolidating a base, setting for spikes around the line of $90.

In accordance with the recent historical bullish pushes, the lower bullish path must be satisfied for the current trade to materialize. Long-position pushers must shift upward in order for the market to swing back to the upside and either test the previous high of about $115 or burst beyond it in the long run. Around the $100 resistance, a line of refusal indicators will caution against making future movements to the north without bumps.

LTC/USD Market
Key Levels:
Resistance levels: $100, $110, $120
Support levels: $80, $75, $70

LTC/USD – Daily Chart
The LTC/USD daily chart reveals that the crypto price is consolidating a base, setting for spikes from around the bargaining point of $90, following the tentative inability of bears to press further lower.

The 14-day SMA trend line is at $92.951937, above the $90.535929 of the 50-day SMA trend line. The Stochastic Oscillators have been dwindling slowly northward from the oversold region to positions of 13.87 to 26.16 points. This means that purchasing opportunities are expanding.
Litecoin (LTC/USD) Price Is Consolidating a Base, Setting for Spikes
Will there be additional lows below the $90 support despite the little rally that has occurred?
During the last Monday trade session, bears forcibly pushed to end forces slightly below $90 before setting for spikes as the LTC/USD market is consolidating a base around the value line.

The last correctional gravity move set a threshold between $90 and $85 while bulls tried to muster catalysts to put the motion back on track. It is necessary for a bullish candlestick to stage across the values of the SMAs. If that situation is eventually achieved, buyers will push through overhead barriers for recoveries.

On the downside of the technical analysis, a rejection or a reversal around the points of $95 or in an extension of $100 will reproduce a declining motion toward revisiting lows of around $85. A further consolidation from the assumed trade will bring the price closer to $80.
Litecoin (LTC/USD) Price Is Consolidating a Base, Setting for Spikes
LTC/BTC Price Analysi
In contrast, Litecoin has been consolidating a base, setting up spikes against the trending velocity of Bitcoin below the trend lines of the SMAs.

Still closely below the 50-day SMA sign is the 14-day SMA indicator. From 19.96 to 34.95 levels, the Stochastic Oscillators have been swinging in a manner that has produced promising bullish upswings. In the coming days, there will be a cycle showing how the base cryptocurrency will rise against the counter-currency economy. In order to see profits on time, buyers needed to be strategically positioned by combining their entrance with active price actions.

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Dash 2 Trade Price Predictions for Today, July 27: D2TUSD Remains Strong above the $0.00585 Supply Mark, Invest!

Dash 2 Trade Price Forecast: D2TUSD Price Remains Strong above the $0.00585 Supply Mark, Invest! (July 27)
Today, the D2TUSD pair sends a clear bullish signal that the bulls are still strong. Amid the selling pressure, the coin gave a bullish breakout from $0.00543. In case the bulls’ pressure breaks up the resistance level of $0.00745, the coin price may increase further to a $0.01000 high trend line which indeed will be a potential buy signal and turnaround for the coin holders.

Key Levels:
Resistance levels: $0.00800, $0.00900, $0.01000
Support levels: $0.00600, $0.00500, $0.00400

D2T (USD) Long-term Trend: Bullish (4H Chart)
D2TUSD remains bullish on the higher time frames. This is clear as we can see the prices trading above the EMA-9 with its wick touching the EMA-50 moving towards the upper resistance lines, indicating an uptrend.
Dash 2 Trade Price Predictions for Today, July 27: D2TUSD Remains Strong above the $0.00585 Supply Mark, Invest!
Pressure from the bulls at the $0.00548 high value in the previous action has sustained its upward stability in its recent high.

Amidst the current uncertainty in the crypto market, the Dash 2 Trade market continues trending upwards at $0.00586 above the EMA-9 as the 4-hourly session opens today, resulting in an intraday gain.

Hence, staying above the resistance trend lines indicates a strong possibility for a bullish pattern continuation. Such a breakthrough would provide an opportunity for buyers to regain control and potentially drive the price toward the $0.00745 barrier.

Also, there is a possibility of a further increase in the price of Dash 2 Trade, if the buy traders should increase their price actions and all the current support level holds, a psychological key level at the $0.01000 upper supply level might be reached soon in its higher time frame.

D2T (USD) Medium-term Trend: Bullish (1H Chart)
The D2TUSD pair is in a bullish momentum in its medium-term view. The bulls are now progressing upward in the medium-term time frame. The coin price can now be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.
Dash 2 Trade Price Predictions for Today, July 27: D2TUSD Remains Strong above the $0.00585 Supply Mark, Invest!
The sustained bullish pressure at the $0.00548 supply value in the past few hours has pushed the crypto price above the supply trend line in its recent high.

The market value of Dash 2 Trade at the $0.00586 high level can be seen above the two EMAs approaching the overhead resistance as the 1-hourly chart opens today, which makes it capable for the coin to remain stronger.

Hence, the bullish momentum might be triggered and the price may likely increase to break up the $0.00650 previous high value soon if the current support remains unmoved and the bulls should speed up their activities in the market.

Similarly, a further rise in the market price of D2TUSD is possible, if the buy traders can trigger their buying pressure and break up the $0.00650 level. The price might reach a $0.01000 supply trend mark soon in its medium-term perspective.

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SPONGE/USD ($SPONGE) Bulls Prepare for a Comeback

Over the last two days, the $SPONGE market has exhibited significant bearish movement. However, as the market approached the $0.00012 price level, the bearish trend transformed into a consolidation phase. The price level of $0.0001215 is now seen as a potential support area where bulls may seize the opportunity to reverse the market’s direction.

Key Levels

  • Resistance: $0.0004, $0.0045, and $0.0005.
  • Support: $0.00012, $0.00011, and $0.00009.

SPONGE/USD ($SPONGE) Bulls Prepare for a Comeback

SPONGE/USD ($SPONGE) Price Analysis: The Indicators’ Point of View

Traders should remain vigilant and attentive at this juncture, as there is a potential for the $SPONGE market to shift towards a bullish trend. The market is currently correcting itself out of the oversold zone on the Relative Strength Index. Traders should keep an eye out for stronger bullish candles and monitor whether the 20-day moving average crosses in an upward direction. While the market is showing signs of an upward move, the momentum behind it is still building.

SPONGE/USD ($SPONGE) Bulls Prepare for a Comeback

SPONGE/USD Short-Term Outlook: 1-Hour Chart

Within the 1-hour timeframe, the market is encountering resistance at $0.0001220, primarily due to its low trade volume. The candlesticks at this level exhibit a flat pattern, indicating a notable level of indecision among traders. This temporary stall in market progress could potentially foreshadow a forthcoming bullish price movement for $SPONGE.

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Kyber Network (KNC/USD) Finally Claims the $0.700 Price Level

On June 10, the Kyber Network bulls established a formidable roadblock for the bear market at the support level of $0.4674. This led to a steady upward trajectory in the market starting on June 20. Since June 24, the crucial resistance price level has been $0.700. Notably, the market’s recent surge in trade volume over the past three days successfully propelled it above the resistance level.

Kyber Network Market Data

  • KNC/USD Price Now: $0.7176
  • KNC/USD Market Cap: $123,870941
  • KNC/USD Circulating Supply: 171,003,562 KNC
  • KNC/USD Total Supply: 227,987,369
  • KNC/USD CoinMarketCap Ranking: #174

Kyber Network (KNC/USD) Finally Claims the $0.700 Price Level

Key Levels

  • Resistance: $0.750, $0.800, and $0.850.
  • Support: $0.600, $0.550, and $0.500.

Price Prediction for Kyber Network: The Indicators’ Point of View

Since late June, the chart has been showing a pattern of progressive higher lows, which seems to have played a role in the recent upsurge of investor interest and trade volume in the market over the past three days. This surge in liquidity has propelled Kyber Network above the critical resistance level.

However, it is now essential for the bulls to establish a firm foothold above this price level to sustain the ongoing uptrend. The market displays potential for this, given the presence of progressive higher lows on the chart.

Kyber Network (KNC/USD) Finally Claims the $0.700 Price Level

KNC/USD 4-Hour Chart Outlook

During the 4-hour chart timeframe analysis, we observed the potential emergence of a new higher support level above $0.700. In the recent daily session, the bull market encountered resistance at $0.7646, leading to a price retracement. However, the strong bullish sentiment enabled the formation of a near-support level at $0.6583, and subsequently, the market managed to surpass the $0.700 price level. Based on the market’s performance, the next target for the Kyber Network market could be the $0.800 price level.

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Enjin Coin (ENJUSD) Buyers Need Extra Momentum to Fight Back

Enjin Coin (ENJUSD) Analysis – Buyers Need Fresh Momentum

Enjin Coin (ENJUSD) buyers need extra momentum to fight back as price results in consolidation. The crypto market has had a difficult week as buyers have been unable to gain enough momentum to push the price further. The price has been consolidating since the buyers failed to gain more impulse in the market. With the cryptocurrency market already on a bearish decline a few months ago, the buyers have had to work hard to keep the price afloat.

ENJUSD Key Zones

Resistance Levels: $0.54200, $0.47200
Support Levels: $0.35300, $0.28900
Enjin Coin (ENJUSD) Buyers Need Extra Momentum to Fight Back
The buyers challenged the sellers at the $0.24000 support level initially. They were able to leverage their strength to break above the $0.28900 market zone at the end of June. However, since then, the price hasn’t been able to get enough momentum to drive further. This has led to the sellers’ attempts to change the crypto price course.

For the buyers to fight back and gain more momentum in the market, they need to regain control of the market and push the price further. This will require them to be more aggressive in their buying. They will also need to take more risks in order to push the price in a bullish direction. This will give the cryptocurrency market the much-needed boost it needs to start climbing back up. However, this will also require the buyers to remain vigilant in order to keep the price from slipping back down.

Enjin Coin (ENJUSD) Buyers Need Extra Momentum to Fight Back

Market Expectation

Above the $0.289000 significant level, the Enjin Coin (ENJUSD) price remains in consolidation. The Bollinger Band indicator shows price contraction. Traders can look out for a price breakout in either direction. On the 4-hour chart, the crypto price is also stagnant. The Momentum indicator suggests that the market needs a push to leave the consolidation phase. Crypto traders should expect a breakout from the consolidation phase.

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Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

ApeCoin (APEUSD) Set for Upward Recovery as Market is Undervalued

APEUSD Analysis – Price Sets For An Upward Recovery As The Market Becomes Undervalued

APEUSD sets for an upward recovery as the market becomes undervalued. The market’s trend has been bearish for a long time. Typically, a major correction to the upside is bound to occur within a long downturn period. The market is in a correction phase as the Moving Average Convergence Divergence (MACD) expands upward.

APEUSD Significant Zones
Demand Zones: $1.810, $1.560
Supply Zones: $3.370, $6.420

ApeCoin (APEUSD) Set for Upward Recovery as Market is Undervalued

The price rose after the MACD divergence’s indication. Concurrently with the creation of a higher low by the MACD, APEUSD created a lower low. This implies that the market is about to flip bullish, either for a short or long time. Consequently, the MA Cross is about signaling a long signal as the Moving Averages contract. It’s most likely that the emerging uptrend will last for a while. The uptrend will probably continue until the bearish order block around the $3.370 resistance is reached.

In February 2023, after the emergence of the downturn, a bearish order block formed. The return to the order block instigated the rapid fall of price from the $5.500 price zone into a discount. A second return into another bearish order block also caused a further crash, which brought the price below the $2.370 level. As the price plunged, a swing high formed at the $2.530 price level. Owing to the buying pressure from the $1.560 support, the $2.530 will likely get invalidated as the price rallies upward.

ApeCoin (APEUSD) Set for Upward Recovery as Market is Undervalued

Market Expectation

The four-hour trendline upholding the continuation of the upward trend has been broken. APEUSD is expected to head into the four-hour bullish order block at a discount before resuming the uptrend.

 

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NoteCryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.