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Bitcoin on the rebound again
Yesterday afternoon Bitcoin did make what looked like a stop-loss driven move below its 21 day moving average. As covered at the time, the fall extended quickly to set a low at 93,601, but it did not stay down there for long and once back above its 21 day moving average, it has extended the move higher. That rebound has led it back above 96k this morning. By the way, that 21 day moving average is still rising and in place right now at 94,667. So, although higher today, that remains relatively close to the prevailing price action this morning. On the topside, the recent run of lower highs above 98k is still guarding against a more dynamic rebound. The range seen so far today has been covered by 95,324 and 96,778. It is currently trading at 96,570
Market News
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
