Jack Lee, the founding managing partner of HCM Capital, has said that China’s Central Bank Digital Currency is available and is expected to be released in 2-3 months. In an interview with CNBC that aired on the 11th of November, Jack indicated that the People’s Bank of China will utilize the proposed asset in strengthening […]
Following the quick recovery at $8600, Bitcoin has been consolidation around the $8750 since yesterday, suggesting a potential retracement for a healthier move. Currently, BTC is recording a loss of -0.66% overnight. However, we can expect a correction to $9125 shortly before Bitcoin resumes bearish swing. Bitcoin (BTC) Price Analysis: 4H Chart – Bearish Key […]
Gold is by all accounts prepared for a short-covering rally after the substantial plunge a week ago. The present news might be sufficient to oust the absolute weakest short sellers from the market. Gold prices are moving higher on Monday, supported by lower Treasury yields and lower demand for shares. Poor business conditions because of […]
From $9200, Bitcoin has established new support at $8600 about six hours following a -2.43% price loss at the moment. The $800 price cut has driven Bitcoin all the way to the channel’s support on the hourly chart. Meanwhile, on the daily chart, BTC is currently holding support on the channel’s resistance. All in all, […]
Key Resistance levels: $90, $100, $110 Key Support Levels: $50, $40, $30 LTC/USD Long-term bias: Bullish Litecoin tested the $50 support level in September and rebounded. The bears came again and tested the same support in October and rebounded. The support level is holding as the coin commences a bullish move. In November, the coin’s […]
Due to the reason that cryptocurrencies are in a different asset group than other securities and cannot be evaluated using methods like DCF or DDM, it was necessary to create separate valuation techniques to give investors fundamental tools to analyze cryptocurrencies. Listed below are four prominent cryptocurrency valuation systems. Store of Value Thesis This is […]
EURUSD Price Analysis – November 11 In the European session, at GMT10:00 hrs, the pair is trading at 1.1032, with the EUR trading 0.13% higher against the USD from Friday’s close. And for the 24 hours to 23:00 GMT, the EUR plunged approximately 0.28% against the USD and closed at 1.1019 on Friday, amid the […]
Bitcoin is back on a selling mode after surging all the way from $8800 to $9250 (Bitfinex) yesterday. Now, the price has rolled back to the $8800, where BTC held as support since November 8. The latest bearish actions have brought the market down by -0.62% overnight as the market cap drops below $160 billion. […]
GBPUSD Price Analysis – November 10 The pound sterling is currently registering a continuing weakness against the USD as observed in the previous session that ends the last week of trading down on Friday at the level at 1.2775 after losing 39 pips. The sellers took control of the FX pair, as it confirmed their […]
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