The short‑term Elliott Wave outlook for Bitcoin (BTCUSD) shows the rally from the March 29 low concluded as wave 1 at $82,833. After this peak, the market corrected in wave 2, unfolding as a double three Elliott Wave structure. From the wave 1 high, wave (a) ended at $79,168. The rally in wave (b) reached […]
The post Bitcoin (BTCUSD) Surges Higher From Key Support Zone appeared first on ActionForex.
Fundamental Background On 14–15 May, a high-level US–China summit took place in Beijing, where both sides discussed the potential easing of trade tensions and certain mutual concessions. Against a backdrop of positive expectations, the S&P Read more…
Markets Bond markets took a benign start yesterday after substantial losses over the previous sessions. In US dealings, headline driven action accelerated the move. One can argue whether it was real believe or just hope Read more…
Bank of Japan board member Junko Koeda said on Thursday that persistent inflation pressures linked to the Middle East conflict could justify further interest rate hikes, adding to a growing chorus of hawkish voices inside Read more…