Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
BTC rebound above 66k derailed by tech sell-off
Yesterday the rebound back above 66k in BTC seemed like it could deliver more update, but soon after the European opening it started to fall back again. BTC later dropped back to below 64k as the European stock markets drew to a close. Earlier today it dropped below 64k again. The low seen yesterday was set at 63,875 and the low earlier today was at 63,913. It has lifted off that low and and traded back above 65k since then. It is possible that we might have in place an interim double bottom just below 64k now on the daily charts but a break below 63,875 would negate that outlook. A rise above 66k, if seem could help cement that base. However, right now it is in the balance, as to how this will unfold from here. So, the immediate lines of demarcation would seem to lie with 63,875 and 66,116. Bitcoin is currently trading at 64,590
Market News
All News-
Nasdaq 100 continues to lead the way as the 4pm London Fix approaches
As the 4pm London FX fix approaches, the dollar is just coming back from earlier highs. That saw the EUR/USD fall back to 1.1456. It was just now... -
USD/JPY unfazed by lower than forecast Richmond Fed index
The April EU consumer confidence and US Richmond Fed indexes have just been released. The markets were expecting the EU consumer to feel a little less... -
US equity markets open higher and advance in early trade -check out the Nasdaq 100
As expected and priced into the futures beforehand, the US equity markets did open higher this afternoon and despite some initial wobbly price action...
