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Bitcoin broke above the key resistance and put the all-time high in sight
Bitcoin eventually broke above the key resistance zone highlighted yesterday here. From a fundamental perspective, bitcoin and stocks remain skewed to the upside due to positive growth expectations amid de-escalating trade war and global fiscal and monetary easing. There are mainly three risks for the cryptocurrency ahead: the failure of Trump's tax bill, renewed trade war after the July's deadline or increased inflation fears that trigger a hawkish repricing in interest rates expectations. This week we have US-China trade talks (which are expected to be positive) and the US CPI report tomorrow. Watch out for the CPI ... (full story)
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