
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Martin Weiss, the founder of Weiss Ratings: “Like gold, Bitcoin and other cryptocurrencies could become a haven for investors who flee from fiat currency devaluations. In fact, in one key aspect, it may be even better than gold: It cannot be confiscated by any government.”
Tuesday happened to be the most volatile day for Bitcoin this week, as the cryptocurrency fell below the $3,500 level, but managed to rebound quickly to the levels near $3,600. On the H4 chart, we can see that the grandfather of cryptocurrencies has been trading within the $3,586-3,642 range for the last three days. The rebounds from these levels may be used to open positions. For now, Bitcoin has already tested the ground below the support at $3,586. If this level is broken, the next support lies at $3,563. In case bulls get stronger, they may push its price above the resistance at $3,642. The next resistance is placed at $3,658. However, the overall picture of the market and the trend are still bearish. That is why we may expect further falls.
Other news:
Regulations:
Bitcoin $3,656.5
Ethereum $118.45
Litecoin $33.31
DASH: $76.00
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
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