As the New Year begins BTCUSD will start 2023 under the same dark shadows: forextrading technicalanalysis forex FX
Get DailyForex analysis to your emailBitcoin continues to languish near dangerous lows, this after flirting with a brief run higher at the end of the second week of December.Time has delivered no comfort for Bitcoin bulls who continue to dream of higher values that were promised by influencers and crypto evangelists. BTC/USD continues to trade in the lower depths of its range and it is testing the 16,600.00 ratio as of this writing.
Wagering on BTC/USD should be done with extreme caution and very conservative leverage. Traders should know all the costs before they enter any transaction. . While Bitcoin influencers will say this has nothing to do with the fundamentals of BTC, they actually are wrong. Bitcoin miners need a high price for BTC/USD to make their transaction functions worthwhile to perform; they also need a higher price for Bitcoin to allow for profitable mining of BTC. And importantly the exchanges like finance serve as the backbone for traders of BTC/USD and other cryptocurrencies. A lack of trust in exchanges is very bad for market conditions.
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.
WTI Crude Oil: Weekly Forecast 2nd January - 7th JanuaryLast week’s trading of WTI Crude Oil saw a fast rise in value as the weather in the U.S. turned extra cold and speculative forces took advantage of light holiday trading volumes: forextrading technicalanalysis forex FX
Read more »
Netflix January 2023 Schedule: New TV & Movie Release DatesAn intriguing gothic thriller starring Christian Bale is part of the Netflix January 2023 schedule, among other things.
Read more »
Prime Video January 2023 Schedule: New TV & Movie Release DatesThe second season of the adult-animated fantasy The Legend of Vox Machina is among other additions to the Prime Video January 2023 schedule.
Read more »
Xbox Reveals Two Games With Gold Titles For January 2023Xbox Game Studios revealed the two titles that will be available in January 2023 for their GamesWithGold subscription.
Read more »
Disney+ January 2023 Schedule: New TV & Movie Release DatesThe sophomore season of Star Wars: The Bad Batch is the highlight of the upcoming Disney+ January 2023 schedule.
Read more »
HBO Max January 2023 Schedule: New TV & Movie Release DatesThe Last of Us live-action adaptation is finally debuting on HBO Max as part of the January 2023 schedule.
Read more »