Greatest sale of Bitcoin, Biden talks about huge taxes

Greatest sale of Bitcoin, Biden talks about huge taxes

Latest news

  • The greatest sale of Bitcoin keeps going. The cryptocurrency dropped below $50,000 for the first time since early March. Support levels are $46,500 and $45,000. However, it won’t last forever and soon the ‘buy the dips’ opportunity will appear. Don’t miss it!
  • The Biden administration is thinking to increase the capital-gain tax to 39.6% for those companies which earn more than $1 million a year. It may negatively impact the stock market.
  • The earnings season is going on. AT&T rose after beating market forecasts, while Intel, the top chipmaker, dropped in after-hours trading on a decline in profit (despite better-than-expected earnings).
  • Today, many PMI reports will come out from all over the world: the Euro Area, the UK, and the USA. Follow reports and keep an eye on the charts.

Tech analysis

BTC/USD has significantly dropped. Since the RSI has approached the 30.00 level (signaling that the price is oversold) and Bitcoin also fell below the lower line of Bollinger Bands, the reverse up may occur soon. It may reverse up from the 100-day moving average of $49,500. On the way up it will meet the resistance levels at the recent highs of $52,150 and $57,150. However, if it drops below the $49,500 support, it may fall to $47,250 and $45,000 – the March lows.

You can trade crypto in the mobile app FBS Trader 24/7! 

BTCUSDDaily.png

EUR/USD has started the day on a positive footing. If it manages to break the recent high of 1.2070, the way up to the two-months high of 1.2175 will be clear and then to the next support of 1.2130. On the flip side, if it drops below yesterday’s low of 1.2000, the way down to the 50-day moving average of 1.1960 will be open.

EURUSDDaily.png

Gold keeps rising. If it crosses yesterday’s high of $1795, the way up to the one-month high of $1815 will be clear. In the opposite scenario, the move below the $1780 support will press the yellow metal lower to the 50-period moving average of $1768.

XAUUSDH4.png

USD/JPY is edging lower and lower. If it breaks the 107.85 support, it may fall to the next round number of 107.50. However, if it breaks the recent highs of 108.20, it may jump to the 50-period moving average of 108.50.

USDJPYDaily.png

                                                                                                  TRADE NOW

Similar

Latest news

Weak USD, Gold and China's Stocks Recover
Weak USD, Gold and China's Stocks Recover

The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!

Gold and Bitcoin Rise, Fed is Eyed
Gold and Bitcoin Rise, Fed is Eyed

Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

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

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera