EVENTFUL News Week Ahead for All Markets, Bitcoin Price Chart Loses Moving Averages ETH Holds Levels

EVENTFUL News Week Ahead for All Markets, Bitcoin Price Chart Loses Moving Averages ETH Holds Levels thumbnail

Jeff Brown The Near Future Report

As Bitcoin and the altcoin market start out a new week, we are approaching what is anticipated to be volatility with many news events coming. Last week, Bitcoin was unable to hold above its 200-week moving average and its 50-day moving average, adding some concern to the strength of this recovery. Meanwhile, Ethereum was able to surge above both of them, and still continue ranging at higher prices, while Bitcoin struggled.

But, this week is anticipated to be eventful, as the correlation to the stock market has been undeniable, and stocks are set to react to the Federal Reserve interest rate hike, second quarter ( Q2 ) earnings from companies, and Q2 GDP figures which are expected to label the United States in a recession. All of these anticipated THIS WEEK. So, slow start to the beginning of the week, but anticipated to be a wild one, once again!

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