
The last week was so eventful for traders: FOMC Meeting, Bank of England’s rate decision, the OPEC+ meeting, and also NFP. This week is going to be interesting as well! Let’s see what you should focus on.
Niall Ferguson, crypto skeptic, the author of "The Ascent of Money": “I was wrong. Wrong to think there was no … use for a form of currency based on blockchain technology. It is an option on digital gold. By this, I mean that bitcoin’s role in the foreseeable future is as a liquid asset that is hard to confiscate, and thus serves as a type of insurance. You might hold your private keys the same way the European wealthy used to hold gold jewelry and precious stones. However, the experiment launched by Satoshi Nakamoto in 2008 is not yet finished. To own bitcoin today is to have an option on Satoshi’s experiment succeeding.”
Let’s consider the key levels for Bitcoin. Is it too early to talk about the bullish market?
The trading of the digital asset was quite mixed at the beginning of the week. On Tuesday, Bitcoin opened at the lower level on the daily chart, but bulls managed to push it back to the resistance at $4,113. The resistance has not been broken since that day. If bulls take over the market, we may see the rise of the price for cryptocurrency to the next resistance at $4,212. The next key target for bulls lies at $4,293. On the other hand, if the price for Bitcoin weakens, it will slide towards the support at $4,035. The next support is placed at $3,921.
From the technical perspective, Bitcoin has been trading within the upward channel. Parabolic SAR also confirms that. As for ADX, it shows bears dominating the market, but their strength is weakening.
New announces:
Regulations:
Current prices (last update 15:48 MT time)
Bitcoin $4,086
DASH $92.87
Ethereum $139.33
Litecoin: $60.44
The last week was so eventful for traders: FOMC Meeting, Bank of England’s rate decision, the OPEC+ meeting, and also NFP. This week is going to be interesting as well! Let’s see what you should focus on.
Let's see how the stock price of these four companies reacted to their earnings reports released this week.
According to the recent report by the Australian Department of Industry, the country is forecast to earn around 136 billion Australian dollars from the ore exports this year.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
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