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Bitcoin Price to Retest YTD High if it Flips $30,350

From dailyforex.com

The BTC/USD pair continued rallying during the weekend as hopes of a spot Bitcoin ETF continued. Bitcoin surged to a multi-month high of $30,400, meaning it has jumped by more than $5,000 from the lowest level in September. Bitcoin ETF hopes Bitcoin surge is in contrast with what happened across other assets. American stocks have retreated, with the Dow Jones, Nasdaq 100, and S&P 500 indices falling by more than 1% on Friday. Companies like Tesla and Tesla have crashed by double-digits from their highest level this year. At the same time, the bond market has come under intense strain as the 10-year and 30-year have ... (full story)

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  • Category: Technical Analysis