
Today, the UK parliament starts the debate on Boris Johnson's Brexit paper. What are the likely consequences for the GBP?
Andreas Antonopoulos, Bitcoin guru: “I would say Bitcoin is the fifth evolution of money in its most abstract form coupled to a new governance model that delivers the purest form of network governance we’ve ever seen.”
Let’s look at the daily chart of Bitcoin. The week has been optimistic for the digital currency. On Tuesday, it bounced from the $3,935 level rose higher. At the moment, the oldest cryptocurrency is targeting the resistance at $4,212. If this level is broken, the next resistance will lie at $4,291. If bears take over the market, Bitcoin will plunge to the support at $4,037. The next support is placed at $3,935. What about indicators? Parabolic SAR shows an upward movement for the digital asset, while ADX demonstrates the strength of bulls. If we look at RSI, we see that the indicator is approaching the overbought zone, if it enters this zone and leaves it, it may provide a short-term selling opportunity.
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Today, the UK parliament starts the debate on Boris Johnson's Brexit paper. What are the likely consequences for the GBP?
What are the forecasts for EUR/USD in 2020 by major banks?
The digital asset could not stick above the 50-day SMA for a long time.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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