{"id":9629,"date":"2022-09-28T22:49:41","date_gmt":"2022-09-28T22:49:41","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/28\/bitcoin-the-global-currency-meltdown\/"},"modified":"2022-09-28T22:49:41","modified_gmt":"2022-09-28T22:49:41","slug":"bitcoin-the-global-currency-meltdown","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/28\/bitcoin-the-global-currency-meltdown\/","title":{"rendered":"Bitcoin &#038; The Global Currency Meltdown"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"88.457142857143\">\n<p>In this episode of NewsBTC\u2019s <a href=\"https:\/\/www.youtube.com\/watch?v=VXfyLKxyCCw&amp;list=PLcOfhdUALFaOXvxuoWoCWZoYXc7iq-brg\" target=\"_blank\" rel=\"noopener\">daily technical analysis videos<\/a>, we look at how Bitcoin is buying and selling in opposition to different foreign money pairs and never USD. We additionally have a look at BTC in opposition to WTI Crude Oil and the S&amp;P 500.<\/p>\n<p>Take a have a look at the video beneath:<\/p>\n<h2>VIDEO: Bitcoin Price Analysis (BTCUSD):\u00a0September 28, 2022<\/h2>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The market continues to be shaken up by the energy of the greenback. Following yesterday\u2019s rally in BTC that was <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin-price-retreats-below-19000\/\">immediately wiped out<\/a>, merchants are much more hesitant to tug the set off with the highest cryptocurrency rising once more.<\/span><\/p>\n<p><p class=\"responsive-video-wrap clr\"><iframe loading=\"lazy\" title=\"Bitcoin &amp; The Global Currency Meltdown\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/PU7jhwEAmHs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/p>\n<h3>Bitcoin Daily Momentum Change Causes Chain Reaction<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bitcoin every day has flipped bullish on the <a href=\"https:\/\/www.newsbtc.com\/topic\/macd\/\">LMACD,<\/a> setting off a sequence response throughout a wide range of timeframes.\u00a0<\/span><span style=\"font-weight: 400\">In phrases of this chain response, we&#8217;ve a bullish crossover on the 3-day and the weekly timeframe. Both, particularly the weekly, have been like bait, snapping again at bulls every time they try to show the tides of momentum.<\/span><\/p>\n<p>\u00a0<img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-504163 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-28_14-20-31-860x477.png\" alt=\"BTCUSD_2022-09-28_14-20-31\" width=\"860\" height=\"477\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-28_14-20-31-860x477.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-28_14-20-31-460x255.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-28_14-20-31-768x426.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-28_14-20-31-1536x852.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-28_14-20-31-2048x1135.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-28_14-20-31-750x416.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-28_14-20-31-1140x632.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">Momentum causes a bullish chain response of crossovers | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<h3>How BTC Fares Against Other World Currencies<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The <a href=\"https:\/\/www.marketwatch.com\/investing\/index\/dxy\" target=\"_blank\" rel=\"noopener\">DXY Dollar Currency Index<\/a> is the greenback buying and selling in opposition to a weighted basket of high nationwide currencies. These currencies embrace the British pound sterling, the euro, the Canadian greenback, Japanese yen, Swedish krona, and Swiss franc.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Due to the big shakeup and volatility in international foreign money markets, we put Bitcoin up in opposition to different currencies and never the usual USD pair.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">As you possibly can see, the pound, euro, canadian greenback, and Japanese yen all crossed bullish weeks prior, whereas the USD pair struggles to take action. Other sturdy nationwide currencies just like the Swedish krona and Swiss franc have but to cross over very similar to the greenback.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-504162 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCCAD_2022-09-28_14-23-54-860x478.png\" alt=\"BTCCAD_2022-09-28_14-23-54\" width=\"860\" height=\"478\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCCAD_2022-09-28_14-23-54-860x478.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCCAD_2022-09-28_14-23-54-460x256.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCCAD_2022-09-28_14-23-54-768x427.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCCAD_2022-09-28_14-23-54-1536x854.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCCAD_2022-09-28_14-23-54-2048x1139.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCCAD_2022-09-28_14-23-54-750x417.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCCAD_2022-09-28_14-23-54-1140x634.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<h3>Comparing The Top Crypto To The S&amp;P 500 And WTI Crude Oil<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Continuing the deep dive into unorthodox Bitcoin charts, we\u2019ve mixed the charts of BTCUSD and the SPX. This distinctive chart exhibits that Bitcoin by no means made a <a href=\"https:\/\/www.newsbtc.com\/topic\/uptrends-explained\/\">higher high<\/a> in late 2021, and the downtrend started with the April peak. This chart is also flipping bullish and has a weekly shut confirming the crossover.\u00a0 Bullish momentum might want to develop to maintain a rally.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Next, we\u2019ve in contrast Bitcoin to what may very well be a very powerful macro asset globally: oil. In this comparability, very similar to the SPX instance, we put BTCUSD up in opposition to WTI Crude Oil. WTI Crude oil is American produced oil from West Texas Intermediate.\u00a0<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">In this oddball buying and selling pair, Bitcoin additionally had a decrease excessive and a a lot steeper downtrend. However, Bitcoin flipped bullish in opposition to oil a number of weeks in the past, however has but to supply a significant upside transfer. Is such a transfer coming quickly sufficient?<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-504161 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_USOIL_2022-09-28_14-24-47-860x477.png\" alt=\"BTCUSD_USOIL_2022-09-28_14-24-47\" width=\"860\" height=\"477\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_USOIL_2022-09-28_14-24-47-860x477.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_USOIL_2022-09-28_14-24-47-460x255.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_USOIL_2022-09-28_14-24-47-768x426.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_USOIL_2022-09-28_14-24-47-1536x853.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_USOIL_2022-09-28_14-24-47-2048x1137.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_USOIL_2022-09-28_14-24-47-750x416.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_USOIL_2022-09-28_14-24-47-1140x633.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-global-currency-meltdown-btcusd\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] In this episode of NewsBTC\u2019s daily technical analysis videos, we look at how Bitcoin is buying and selling in opposition to different foreign money pairs and never USD. We additionally have a look at BTC in opposition to WTI Crude Oil and the S&amp;P 500. Take a have a look at the video beneath: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,694,1570,1393],"class_list":["post-9629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-currency","tag-global","tag-meltdown","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=9629"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9629\/revisions"}],"predecessor-version":[{"id":9630,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9629\/revisions\/9630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/9631"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=9629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=9629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=9629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/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