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8/23: The One Day a Year You Should Actually Listen to Cryptocurrency ‘Analysts’ Before They Get Fired Again

A chart with multiple lines showing various cryptocurrencies' prices fluctuating within their respective ranges, some attempting to break above resistance levels while others struggle to stay above key supports.

The cryptocurrency market is a never-ending circus of speculation and hype, with prices bouncing around like a rubber ball on a pogo stick. The so-called ‘analysts’ are just as bad, spewing forth their useless predictions and technical mumbo-jumbo to try and make sense of it all. Meanwhile, the real experts – those who actually understand economics and finance – are ignored or dismissed as being out of touch with the times. But I digress.

Source: cointelegraph

Bitcoin (BTC) rose above the overhead resistance near $63,000 and it appears that bulls are now ready to push prices higher. Risk assets received a boost after the Federal Reserve Chair Jerome Powell confirmed during his keynote address in Jackson Hole, Wyoming, that interest rates will start to come down. However, Powell refrained from committing to the timing and the pace of the rate cuts. A technical market update from […]

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