Search results for "DEFY"
10:16
For a long time, the Wall Street saying 'Don't fight the Fed' has been effective. This time?
  • 1
02:20
Analysts believe that there will be an unconventional bull market after the Halving, expecting an unexpected surprise for Bitcoin Prior to the Halving event, Bitcoin had been moving lower, contrary to analysts' expectations. This price action is unexpected and shows how the Token tends to go against the predictions, essentially plotting its path. Given the randomness of Bitcoin, especially in the past few months following the approval of spot trading traded funds (ETFs), one analyst expects Bitcoin to continue to defy expectations and have a bull market that defies historical trends. The analyst cites two recent examples of Bitcoin exceeding expectations to justify this bullish outlook. First, with the rapid expansion of the Bull Market from 2020 to 2021, Bitcoin soared from less than $10,000 to an all-time high of around $70,000, but the price contracted sharply in 2022. Subsequently, the Fed shifted its monetary policy to curb severe Inflation by rapidly raising Intrerest Rates. After this and other market-related events, Bitcoin price falls above the previous cycle's all-time high of $20,000. By November 2022, the price falls to $15,000, F. T.. The collapse of X accelerated this trend. This retest of the previous high and falling below $20,000 has never happened before. Another anomaly occurred in the last month. Before the Halving event, the price of Bitcoin pumped for the first time and broke through an all-time high of around $70,000. As Bitcoin's past price action shows, the price will only rebound to new all-time highs after a Halving. However, that changed when Bitcoin soared to $73,800, which may have paved the way for the longest to join and push Bitcoin back into the unknown after the Halving. With this in mind, analysts believe that Bitcoin will continue to shape its development path in a unique way, deviating from history. For example, analysts believe that BTC will outperform altcoins in the coming months. The analyst added that in the F.. T.. In the wake of high-profile crashes such as X and Luna, increased regulatory scrutiny could dampen alt enthusiasm. The Token will rely on the fact that it is the only Token that owns an ETF that the US SEC accepts investments in. As a result of this capital injection, Bitcoin could go through a "pump-only" phase for longing years, just as gold did after its ETF was approved. Until then, prices remain depressed. Although the price is pumping at the spot price, the Token is still in a Bear Market pattern. Currently, BTC's local resistance level is around $65,000. (Source: Dalmas Ngetich)
BTC2.22%
LUNA-0.89%
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05:03

Citi: Despite the risks, Russia's oil production will increase in the future

Citi analysts expect Russia's oil production to increase in the coming years, despite risks such as Western sanctions, OPEC+ production cuts, and Ukraine's attacks on Russian oil infrastructure. "In our view, the market is underestimating the ability of the Russian oil industry to defy pessimistic expectations and thrive," they said in the report. "In our view, its long-term growth potential is real, with oil production expected to increase by about 150,000 to 280,000 barrels per day by 2025, depending on whether there is a delay." They added that overall production, including the Vostok project in Siberia, seems expected to remain stable or even increase by 2030, and future growth could cause Russia to reconsider its stance on OPEC+ production cuts.
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