Bitcoin Miners Are Bullish, Crypto Daily TV 27/2/2023

In Todays Headline TV CryptoDaily News:

Solana validators to make second restart attempt.

The Solana network’s deep freeze continued during the weekend as validators were preparing a second restart attempt that they hoped would restore service to users of the blockchain.

IMF says banning crypto should be an option.

Group of 20 nations have some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said, adding that banning private cryptocurrencies should be an option.

Bitcoin miners bullish.

BTC miners are deploying huge capital to scale operations despite the uncertainty of profitability. Bitcoin miners are bullish on operational efficiency and long-term BTC price rally, plugging in more machines to the network.

BTC/USD exploded 1.7% in the last session.

The Bitcoin-Dollar pair rose 1.7% in the last session after gaining as much as 2.1% during the session. The MACD is giving a negative signal. Support is at 22657.6667 and resistance at 23481.6667.

The MACD is currently in the negative zone.

ETH/USD exploded 2.9% in the last session.

The Ethereum-Dollar pair exploded 2.9% in the last session. The Stochastic-RSI is giving a positive signal. Support is at 1541.9067 and resistance at 1634.9867.

The Stochastic-RSI is currently in positive territory.

The Ripple-Dollar pair gained a moderate 0.2% in the last session.

The Ripple-Dollar pair saw a minor rise of 0.2% in the last session. The Stochastic-RSI is giving a negative signal. Support is at 0.3665 and resistance at 0.385.

The Stochastic-RSI is giving a negative signal.

LTC/USD exploded 2.2% in the last session.

The Litecoin-Dollar pair skyrocketed 2.2% in the last session. The ROC is giving a positive signal. Support is at 89.5667 and resistance at 95.2667.

The ROC is currently in the positive zone.

Daily Economic Calendar:

US Durable Goods Orders

The Durable Goods Orders measures the cost of orders received by manufacturers for durable goods, which means goods which should last three years or more, excluding the transport sector.  The US Durable Goods Orders will be released at 13:30 GMT, the US Nondefense Capital Goods Orders at 13:30 GMT, the Eurozone’s Business Climate at 10:00 GMT.

US Nondefense Capital Goods Orders

The Nondefense Capital Goods Orders measures the cost of orders received by manufacturers for capital goods, which are durable goods used in the production of goods or services.

EMU Business Climate

The Business Climate indicator is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the local economy. 

FI Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.  Finland’s Consumer Confidence will be released at 06:00 GMT, Japan’s Industrial Production at 23:50 GMT, Japan’s Large Retailer Sales at 23:50 GMT.

JP Industrial Production

Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines and utilities are measured by the index of the industrial production.

JP Large Retailer Sales

The Large Retailer Sales captures the total value of goods sold in large stores, chain convenience stores, and supermarkets. It indicates the level of consumption and consumer confidence.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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