Investors in the US dollar divert to bitcoin as US debt default risk increases. The diversion is due to the fact that most investors now prefer investing in gold and BTC to US dollars. This concurs with the Bloomberg survey from the previous week. Bloomberg predicts that rather than fiat currency, more investors will put their money into gold, treasuries, and bitcoin.
Impressive has been the astounding rise in popularity of bitcoin among investors. Recently, more investors have started looking at BTC as a safe haven, which is bad for the US dollar’s growth. Although this is wonderful news for BTC and the current Bitcoin investors, the International Monetary Fund implied that very significant consequences are soon to come.
Key Bitcoin Levels To Watch – May 15
The market converged in a re-accumulation phase as the price consolidated after breaking the previous resistance of $25289.0. Following the expansion of the price upward, the buying momentum decreased as the bulls made plans for a second re-entry.
As the price left the FVG (Fair Value Gap), BTCUSD is now leaving the oversold region according to the Stochastic Oscillator. Moreover, the price seemed to have made its last swing low prior to the incoming resumption of the uptrend.
BTC Key Levels
Resistance Levels: $31050.0, $37401.0, $48240.0
Support Levels: $25289.0, $19569.0, $15460.0
Total Market Capitalization: $1.14T
Bitcoin Market Capitalization: $530.00B
Bitcoin Volume: $14.2B
Market Rank: #1
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
9.8
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
9
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
9.8
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
9
Learn to Trade
Never Miss A Trade Again
step 1
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
step 2
Get Alerts
Immediate alerts to your email and mobile phone.
step 3
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
