Key Resistance Levels: $140, $160, $180 Key Support Levels: $80, $60, $40 BSV/USD Long-term Trend: Bearish Bitcoin SV has been relatively stable since September. The bulls have efficiently defended the $80 support level. The bears have not been able to break below the support in the last three months. In September, the bears tested critical […]
The Bank of Korea (the apex bank of South Korea) has announced its plan to put together a team to study the ins and outs of creating and operating a central bank-issued digital currency by the year 2020. The BOK announced on the 27th of December in its monetary policy briefing for 2020, adding that […]
Gold spot slowed down its revision from two-month highs of $1517.40 and endeavored a lukewarm close to $1512, chiefly because of a crisp selling-wave found in the US dollar over its fundamental rivals. The XAU/USD pair rose strongly before the Christmas break and broadened its consolidation two days after as financial speculators returned on Thursday. […]
Yesterday, Bitcoin’s price spiked up the $7300 resistance to $7465 on the day, but the market could not continue buying pressure. The surge was later followed by a dump to around $7200 – where BTC is trading up till now. However, a drop below $7000 may result in a massive sell-off as Bitcoin could roll […]
AUDUSD Price Analysis – December 26 The Aussie is optimistic about easing trade tensions between the United States and China and signs of a recovery in global growth. Based on this assessment, the direction of AUDUSD is likely to be determined by the reaction of traders to Tuesday’s close on the level at 0.6921. Key […]
Key Resistance Levels: $5, $6, $7 Key Support Levels: $3, $2, $1 ATOM/USD Price Long-term Trend: Bullish Cosmos is now in a bull market. Currently, the coin is trading below the $4.50 resistance. In retrospect, the bear market was terminated at a low of $2 and the coin rebounded. The upward move was resisted at […]
The North American Securities Administrators Association (NASAA) has listed cryptocurrencies as one of its perceived risky investments for 2020. NASAA is one of the oldest global investor security community. The group has published its official list of investments or businesses to avoid next year. For this listing to be possible, the group gathered information from […]
Back at 1.2537 in January 2018, the EUR / USD pair was at the bearish turn, which set a multi-year low of 1.0878 just two months before. The level can hardly be considered as a temporary bottom when you just think about the next price recovery, but this time attention is not on the technical […]
As the year 2019 runs to an end, Bitcoin’s price continues to trade above the $7100 support for some days now following a sharp rejection at $7700 on December 23. The short-term bullish sentiment would remain valid as long as Bitcoin stays above technical support of $7000. Today, BTC dominance is up by 68.9% but […]
