Check out today's BTCUSD Forex Signal- forextrade forextrading
Bitcoin rose to $20,200 as the mood in the market improved. This price was about 10% above the lowest level this month.Bitcoin and other risky assets bounced back as US Treasury yields dropped. Yield of the 10-year government bond dropped to 4.10% while the 30-year and 2-year yields fell to 4.26% and 4.47%, respectively.
Bitcoin also rallied as American equities continued rallying. The Dow Jones and Nasdaq 100 indices rose by more than 1% after positive earnings. At the same time, there are signs that investors are getting more comfortable buying the dip. There are other potential catalysts for the BTC/USD pair. First, there are signs that some buyers are accumulating at the current levels. According to Glassnode, small and large holders have changed their behavior from a net balance decline and distribution towards accumulation and balance increase.
Meanwhile, the US dollar index has pulled back recently and is trading at $110. At its peak this year, the index was trading at $115.The BTC/USD price has been in a consolidation phase in the past few days. It managed to move above the key resistance at 19,968, which was the highest level on October 14.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
AUD/USD Forex Signal: Cautiously OptimisticThe AUD/USD price rose after the new Australian government unveiled its budget and after the latest consumer price index data.
Leer más »
GBP/USD Forex Signal: Pound Sterling Faces One Key HurdleThe GBP/USD price rose to the highest level since October 4 as the market reacted to the new Prime Minister.
Leer más »
Bitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dipBTC price stays rigidly in range despite the Hang Seng's worst day since 2008, with Bitcoin analysis warning of months before a breakout.
Leer más »
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPYUSD breakout failed at 113.92 on Friday, same spot that held when CPI was released. Despite supportive backdrop for stronger USD (and weaker stocks), these seems to be getting priced-out, suggesting a pullback. Key for EUR/USD is the ECB on Thursday.
Leer más »
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofASelling pressure on Bitcoin in the near term is limited as investors have been increasingly offloading BTC from exchanges to personal wallets in October, BofA said.
Leer más »