As the BTC/USD chart shows, the price of the leading cryptocurrency slipped below the psychological $90k level earlier this morning. This downward move provides grounds for several important observations. → First, bitcoin is performing poorly as a defensive asset. At a time when global markets are assessing risks linked to US ambitions regarding Greenland, gold […]
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Bitcoin is in a “transition phase,” consolidating below $70,000 after retreating from $71,000, however the recovery lacks the “ingredients of a decisive bullish turn”. Despite accelerating institutional inflows into US Spot Bitcoin ETFs, the average Read more…
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Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…