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Bitcoin: Potential Double Bottom at Key Fib Level
Yesterday saw a strong reversal higher in Bitcoin with price action in the futures market stopping just short of posting a bullish engulfing candle on the day. The move higher was driven by news that Ukraine is willing to accept a 30-day ceasefire with Russia to allow for peace talks to progress. With the prospect of an end to the war looking more hopeful, risk markets were firmly higher across the day, pushing Bitcoin prices north. Looking ahead, traders will be keeping a close eye on incoming news related to the situation with any positive developments likely to fuel a fresh rally in the market. Similarly, however, ... (full story)
