
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
2019-11-11 • Updated
The bulls have resumed the reins of Bitcoin during the day of Thursday and we are currently seeing a consolidation above the 200-hour moving average, where a bullish crossover is currently taking place. Because cryptocurrency made a break from the highs of April 29, the BTC/USD pair aims to reach the highs of April 25 in 9609.
In the latest news about crypto space, Goldman Sachs has announced that Bitcoin futures trading will start where the firm will use its own money on behalf of its clients. In China, national radio has questioned the transparency of Bitcoin futures trading, while Reddit announced that it will re-launch payments through BTC.
The Parabolic SAR is favoring the uptrend in the short term, helped in part by the MACD indicator, which is moving in positive territory. However, we must bear in mind that the RSI indicator is in overbought territory, which adds some strength to the current levels where Bitcoin is moving.
What do we expect?
According to our forecasts in the H1 chart, since there was already a rebound on the Fibonacci level of 50% in 8640, Bitcoin is expected to continue prolonging the bullish bias to try to break the highs in 9609. If that scenario it happens, all the focus would be set at the Fibonacci level of -23.6% in 10066, where take profit orders would be activated.
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.