Bitcoin has been engulfed in explosive uptrends for a few weeks now. Bulls have helped Bitcoin rally from its recent low of $3,900 which is now at the doorstep of the five-digit region. This “V-shaped” recovery has been due to many technical factors. However, there are some key fundamental drivers also responsible for this remarkable […]
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Bitcoin has finally broken the $9,200 and $9,400 resistances as the market approaches the $10,000 resistance. Yesterday, price was hovering between $9,000 and $9,300 before penetrating the resistance zone. From the daily chart, Bitcoin has reclaimed the […]
Authorities in Iran issued a license to the mining company iMiner, to mine the country’s cryptocurrencies. The Ministry of Industry, Mine and Trade of Iran has granted iMiner the clear mandate to operate several as 6,000 mining rigs. The mining activity is the biggest in Iran, and it will be in the Semnan region of […]
Key Resistance Zones: 7000, 7100, 7200 Key Support Zones: 6100, 6000, 5900 Australia 200 (AU200AUD) Long-term Trend: Bullish Australia 200 is currently in ascending channel. Since April 14, the upward move terminates at level 5500. The bulls are repelled after testing the resistance at 5500. The resistance level is yet to be broken as the […]
Key Resistance Levels: 74.000, 76.000, 78.000 Key Support Levels: 58.000, 60.000, 62.000 AUD/JPY Price Long-term Trend: Bullish The AUD/JPY pair is in an upward move. The market has already fallen to level 62.000 before the commencement of the upward move. The price is making a series of higher highs and higher lows. The uptrend was […]
Key Resistance Levels: $275, $300, $350 Key Support Levels: $200, $160, $120 BCH/USD Price Long-term Trend: Bullish Bitcoin Cash has been on a downward move after it reached a high of $280. The bulls were resisted at the overhead resistance as price dropped to $213 low. After a downward correction, the bulls resumed another upward […]
Thanks to the transparency of blockchain technology, the overall sentiment of investors towards a crypto asset can be easily determined and monitored. By analyzing the actions of Bitcoin whales (large Bitcoin holders), one can deduce possible future bullish or bearish price movement. Santiment, a behavioral analytics company, claims that large Bitcoin whales are plotting to […]
AUDUSD Price Analysis – May 7 AUDUSD continues reversal from recent lows thereby pushing buyers close to 0.6462 level, up 1.00 percent on the day, into European session on Thursday from the Asian Session. Figures from the Aussie market were the new impetus for the pair’s U-turn following risk-off sentiments. With Australia expected to reopen […]
EURUSD Price Analysis – May 7 The US dollar stayed in demand for the fourth day in a row and continued to exert downward pressure on the EURUSD pair. The FX spot trades horizontally beneath 1.0800 level at press time. Given the effects of the coronavirus disease outbreak, the European Commission said that in 2020 the GDP […]
