Slobodan Drvenica
Windsor Brokers
BTC/USD
Bitcoin regained traction after a shallow pullback and jumped near new multi-month high (47934, posted last Tuesday) after receiving fresh boost from eventual approval of spot bitcoin exchange-traded funds.
Technical picture on daily chart is bullish and the sentiment is positive, setting scope for push through 48000 and acceleration towards target at 48484 (Fibo 61.8% retracement of 68911/15437, 2021/2022 fall).
Caution of possible ‘buy the rumors -sell the facts’ scenario, as investors may take profits after expectations of ETF approvals already inflated the price.
Rising 10DMA offers first support at 44982, followed by 20DMA at 43974, with deeper dip expected find ground above 42300/42000 zone to keep larger bulls in play and guard pivotal supports at 40000 zone (recent range floor / psychological).
Res: 47711; 47934; 48197; 48484.
Sup: 45596; 44982; 43974; 43179.
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
Could a Solana ETF debut in 2025? Expert weighs in
Solana (SOL) made the rounds across crypto communities on Friday as key executives from VanEck and BlackRock gave contrasting views on the possibility of a SOL exchange-traded fund (ETF) launching in the US.
Cardano Price Prediction: ADA soars 18%, eyes $0.8104 following increased buying pressure and recent rumors
Cardano (ADA) is up 18% on Friday following rumors of the federal government leveraging its blockchain to build a blockchain-based election voting system.
Ethereum Price Forecast: ETH could stage 60% rally despite recent decline
Ethereum (ETH) is trading near the $3,000 psychological level on Friday, as its rising exchange reserve and declining network fees hint at potential reasons for its recent price decline.
EU’s strict screening measures signal a regulatory shift in crypto
The European Banking Authority (EBA) has released guidelines to enhance compliance for financial institutions, payment service providers (PSPs) and crypto asset service providers (CASPs) in the European Union (EU).
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.