Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Bitcoin rebounds from fall below 59k but resistance levels remain in place
As the wider US markets drew towards a rather inconclusive and uncertain close, Bitcoin met with some quite aggressive selling once it fell below 60k. If you look at a chart of the price action yesterday evening you will see the acceleration through that level and that suggests position liquidation in a hurry and that usually means stops. The fall extended to a low at 58,892, but it did not stay down there for long and since then BTC has reclaimed the 60k handle and not long ago it reached a session high at 60,717. However, that rebound has fallen short of the 50 day moving average, which is in place right now at 60,756. After that comes the 100 day, in place right now at 61,056. So, unless and until these levels are reclaimed in a sustained manner they may continue to guard the topside against any further progress- We shall see on that. BTC is currently trading at 60,575
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
