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Bitcoin Cash (BCH) Price Analysis: BCH Breaches the $380 Overhead Resistance as the Market Reaches the $467 High

Key HighlightsThe bulls have broken the $380 overhead resistanceBCH has risen to a high of $467 Bitcoin Cash (BCH) Current StatisticsThe current price: $414.11Market Capitalization: $8,696,292,777Trading Volume: $8,906,489,958Major supply zones: $400, $420, $440 Major demand zones: $250, $230, $210 Bitcoin Cash (BCH) Price Analysis January 4, 2021BCH bulls have broken the $380 overhead resistance as […]

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Bitcoin’s $5,800 Crash: Unfilled CME Gap Likely Responsible

Bitcoin (BTC) traded haphazardly earlier today, after sharply dropping by $5,800 in just a few hours, after which it recovered modestly. The decline caused the cryptocurrency to fill the recent CME gap at $29,000. The Chicago Mercantile Exchange (CME) allows institutional investors to trade BTC on a more regulated platform. However, this platform is open […]

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AUD/NZD Price Analysis — January 4

The AUD/NZD traded on a sideways momentum in the mid-European session, amid renewed market risk appetite. This year, the Aussie and the Kiwi are expected to perform positively, as they would be bolstered by several factors, mostly hinging on the Coronavirus. Both Australia and New Zealand have shown efficiency in nipping the spread of the […]

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EUR/CHF Resumes Downward After a Retest at Level 1.0830

Key Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: BullishThe pair has been rejected at level 1.0850 and has fallen to the low at 1.0846. The bulls have bought the dips but were overwhelmed by the bears. The price is above the support of the 21-day SMA. The pair […]

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EUR/GBP Is in an Uptrend, Reaches Resistance at Level 0.9050

Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BullishThe pound has been in a sideways move since December. Today, the Pound is moving upward after falling to the low of level 0.8942. It is unclear whether the upward move will continue as the price continues to fluctuate. Daily […]

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Gold Price Analysis — January 4

Near-zero interest rates and a bolstered economic outlook amid improving COVID-19 vaccine rollout has caused the US dollar (DXY) to slide even further, boosting demand for gold (XAU/USD). China’s Renminbi grew by about 1% in the early Asain session on Monday, as the USD/CNY falls below a 30-month low for the first time. The Chinese […]

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