In case of an increase in sell-off, it is necessary to pay attention to the dynamics of BTCUSD near $9,450, through which the 50-day average passes, which served as a support level earlier in July.
Perhaps, only Bitcoin’s ability to consolidate above $13K, the area of previous highs, can be a confirmation of a bullish trend. A positive news trigger for Bitcoin may be the news about the start of testing Bakkt’s BTC futures platform among their clients all over the world, although in this case, it would be even better to hear something good from the regulators.
The FxPro Analyst Team
Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
This website uses cookies