After a multi-year bear run, Bitcoin (BTC) has finally shut the naysayers by clearing its previous all-time high at $20k and has recorded a fresh record high at $24,300 by December 2020. From the third halving event in May to dramatically dovish global economic monetary policies to combat the COVID-19-induced economic crisis, there have been […]
Key Resistance Levels: 1.4400, 1.4600, 1.4800Key Support Levels: 1.3400, 1.3200, 1.3000 In 2020, the USD/CAD pair has been trading in a bear market more often than the bull market. In the first quarter of 2020, the Canadian dollar has been very strong as the price reached a high of 1.4500. The monthly candlestick in March […]
GBPJPY Price Analysis – December 23 The Japanese Yen is without much love heading into 2021 Global stimulus eroding market volatility. As of December 2020, the current rate of GBPJPY is around 136.78 to 140.70 levels and data indicates that the currency rate has been stagnating for the past 1 year in a range. This […]
EURCAD Price Analysis – December 23 At the beginning of the 2020 year, the EURCAD rate opened with a conservative value at 1.4561 level and since then it has sustained its upward momentum until it reached the multi-year barrier at 1.5991 which saw its upside traction stalled. The euro has become pretty weak on Christine […]
Gold (XAU/USD) began 2020 a few dollars above $1,500 and rose to $1,700 by the end of February. The selling pressure surrounding the US dollar (DXY) was responsible for this rally. The dovish stance in the US Fed monetary policy in the second half of 2019 caused the greenback to slide against other financial assets. […]
Cryptocurrencies folklore and future predictions are almost as volatile as its price. But what innovations in 2020 are going to stick? For many years bitcoin sentiment was less reliable than the hot water in a New York apartment building. Quickly fluctuating between hot and cold, many seasoned investors and tech savvy entrepreneurs couldn’t seem to […]
ADA Price Analysis – December 23 Should the bears increase their momentum and push the price below the support level of $0.13, then, $0.11and $0.10 may be tested. In case the price is rejected at the $0.13 level, the price may reverse. The resistance level can be found at $0.16, $0.17, and $0.19 levels. ADA/USD […]
The exceptional volatility of the pound sterling continued as traders became more optimistic about the Brexit trade deal. But upside potential remains limited as nothing gets done until everything is done. Markets are also mixed, as the positive impact of the US fiscal stimulus is offset by concerns over a new strain of coronavirus. Today, […]
The CTO of Glassnode, Rafael Schultze-Kraft, has highlighted several Bitcoin (BTC) statistics, metrics, and recent developments that indicate an ongoing supply and liquidity crisis in the cryptocurrency. He pointed out that the well-known maximum supply of Bitcoin, which stands at 21 million, is smaller than popularly believed. He noted that about 3 million Bitcoins (16%of […]
