Online Forex broker
2019-11-11 • Updated
The Bitcoin continues to be the protagonist of the main headlines of the media that cover the movements of cryptocurrency, since during the weekend reached the important psychological level of 19,000, also renewing its highest level of all time. The yields of the BTC, according to the latest data, already exceed 80%.
However, due to the growth that cryptocurrency has had in a meteoric manner, concerns that this is the indicator that there is a bubble on the verge of bursting to continue to keep investors wary of maintaining long-term positions. According to the latest reports, it is speculated that the price of Bitcoin has been inflated in an artificial way for the benefit of speculators.
On the other hand, Bitcoin futures, listed as XBT, show a consolidation above the level of 18,000. According to the technical outlook, there is still a follow-up of a bullish trend line projected from the lows of December 10th, providing dynamic support to cryptocurrency in the short term.
What do we expect?
According to our projections in the H1 chart, the Parabolic SAR is supporting the idea that Bitcoin is entering a slight corrective phase, which will allow consolidating some of the gains recorded over the weekend. The price has already reached the Fibonacci target of -23.6% at 19,114 and this is the indicator that take profit's orders are being activated, before reaching the key psychological level of 20,000.
Last Friday’s NFP was disappointing. The reaction of the markets was astonishing. Will it last longer? Let's find out the main trade opportunities for the upcoming week.
After multiple hawkish remarks over the past few days from non-voters members, the Federal Reserve chairman Powell surprised the markets with some dovish remarks…
Institutional investors speak about further growth in the stock market. In the exact market that has doubled since COVID-19 and doesn’t plan to stop. Is it possible?
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.
|
