Bitcoin (BTC) showed strength on Oct. 4 and 5, posting a 5% gain on Oct. 5 and breaking through the $20,000 resistance. The move liquidated $75 million worth of leverage short (bear) positions and it led some traders to predict a potential rally to $28,000. tweet As described by @el_crypto_prof, the descending channel continues to exert its pressure, but ...
tweet at 10:21am: FED'S DALY: DO NOT SEE RATE CUTS IN 2023 tweet at 10:21am: FED'S DALY: FOR US THE PATH IS CLEAR: WE ARE GOING TO RAISE RATES TO RESTRICTIVE TERRITORY, THEN HOLD THEM THERE FOR A WHILE #News #Forex #US tweet at 10:20am: FED'S DALY: I SEE DEMAND CONTINUES TO ACCOUNT FOR APPROXIMATELY 50% OF INFLATION. tweet at 10:20am: FED'S DALY: WE MUST BE PREPARED FOR INFLATION TO BE MORE PERSISTENT THAN WE ANTICIPATE. tweet at 10:29am: FED'S DALY: IF FRIDAY'S DATA SHOWS THAT HIRING IS SLOWING, THAT WOULD BE WELCOME NEWS.