Bitcoin Continues to Look for Lower Levels -
on” type of environment to flourish, and it’s almost certainly going to remain “risk off” in the short term. At this point, the market is likely to see a lot of rallies are going to continue to be sold into, because the monetary policy is going to continue to be very tight and if the jobs number ends up being stronger than anticipated, that could have people running away from everything that is not called “the US dollar.
At that point, I would anticipate that Bitcoin drops down to the $15,000 level, possibly even as low as the $12,000 level. This is a market that I think continues to see a lot of negative pressure, so rallies at this point should end up being nice selling opportunities.In general, Bitcoin looks as if it’s going to continue struggling going forward., I don’t have any interest in trying to get overly cute with the market, and I do believe that the market will continue to look at this as a market that has no real upward momentum.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD slides below mid-1.3100s amid rebounding oil prices, USD pullback ahead of NFPThe USD/CAD pair extends the overnight pullback from levels just above the 1.3200 mark and edges lower on Friday, snapping a three-day winning streak
Read more »
USD/INR: Risks of crossing above 80.000 remain – MUFGAnalysts at MUFG Bank forecast the USD/INR pair will trade at 80.50 by the end of the third quarter, at 81.000 by the end of the year and at 80.50 by
Read more »
62% of all Bitcoin addresses did not sell any BTC for a year or more despite ‘crypto winter’Bitcoin (BTC) investors have adopted different strategies to manage the ongoing price crash, with the asset correcting by almost 70%... Continue reading
Read more »
Gold Price Forecast: XAU/USD plummets to new two-month lows below $1690Gold price drops sharply to two-month lows, under the $1700 figure, after upbeat US economic data justifies the Federal Reserve’s intentions to hike r
Read more »
Gold Price Forecast: XAU/USD renews six-week low with eyes on $1,698, US NFPGold price (XAU/USD) portrays the market’s risk-aversion wave as it drops to the lowest levels since July 21 amid a rush toward the US dollar. That sa
Read more »
British Pound Technical Forecast: GBP/USD Plunge Eyes 1.15Sterling technical trade level update – Weekly Chart. GBP/USD plunge testing lateral support- risk weighted to the downside into September. Weekly resistance 1.1950, ~1.2150s, 1.2261 (key)– Support 1.1414/80 (key), 1.11, 1.0840.
Read more »