Last week, bitcoin refreshed mid-March highs just below the $9,800 level. Since this jump, the price is holding above the 100-DMA which now comes around the psychological support at $9,000. As technical indicators show, the BTCUSD pair set for further ascent in the short- and longer term. Besides the technicals and the overall improving sentiment in the industry,...
After a 10% decline, BTCUSD started to recover and climbed back above $9,000 on Friday. The latest retreat, triggered by profit taking and the sale of the Mt. Gox trustee funds, was taken as buying opportunity, and the $10,000 is back on investors’ radars. Good news for the industry this week is that cryptocurrency exchange Gemini announced its partnership with...
Bitcoin price is sinking lower for a second day in a row as a result of a corrective retreat from mid-March highs. BTCUSD attracted sellers as it was trying to challenge the $10,000 mark on Wednesday, and since then, the price has dropped to the $8,600 area. The most obvious reason behind the fall is profit taking. It looks quite natural that some market...
Following yesterday’s limited recovery attempts, spot gold prices are back under pressure. The yellow metal failed to keep above the $1,330 level and staged a retreat on Wednesday, threatening the $1,322 area once again. The key driver behind the metal’s bearishness and lack of sustainable upside impetus is the dollar’s widespread rally, fuelled by the 10-year...
Bitcoin gained more than 10% over the last week and continues its bullish ascent for a seventh day in a row. During the morning trading on Tuesday, the price has refreshed a 40-day high just below $9,300 and looks set for another leg higher. Earlier, the bull run has accelerated after a break above the $8,500 resistance. The current dynamics may show that the...
Brent is trading in a corrective mode today after a nearly flat closing on Friday, with the barrel is now treading water around the $73 level. The current profit taking looks limited for the time being, and should the prices refrain from losing the intermediate support at $72,80, there will be a chance of regaining the bullish move in the short term. Aside from...
After yesterday’s consolidation, BTCUSD has accelerated its ascent on Friday. The coin has finally managed to make a clear break above the $8,250 threshold and reached $8,500 for the first time since late March, up 3.5% on the day. The latest move is more of a technical nature, as there is no any meaningful news in the industry at the moment. It looks like...
Crude oil prices jumped Thursday to the highest since late 2014 amid speculations that Saudi Arabia set for pushing prices even higher. US crude oil inventories decreased over the last week, which also supports the bullish move in the market. Tomorrow, OPEC and its partners will meet in Saudi Arabia, and market participants expect the group to announce its...
BTCUSD registered a fresh three-day low on Tuesday and failed to close above the key $8,000 mark. However, today, the cryptocurrency jumped 3% in minutes and is trying to keep above the psychological level at the moment, +2.25% on the day. The cryptocurency market remains volatile, and in this case, it may well be connected with the US tax deadline. As the tax...
After a five-day winning streak, crude oil prices retreated on Monday, as geopolitical worries have abated. Easing concerns about escalation in Syria fuelled a partial profit taking at attractive levels. Brent is trading flat today, following failed attempts to regain the bullish impetus during the morning trading. As global oil markets come closer to...
After a 2% gain over the weekend, bitcoin price is correcting lower on Monday. However, the downside momentum looks limited for the time being, which highlights the decreasing volatility in the cryptocurrency market. BTCUSD rallied from $6,900 to levels close to $8,500 within seven days, and the current retreat looks quite natural from the technical point of...
Since the start of April, bitcoin was mostly treading water below the $7,000 threshold. The volatility decreased, and there were no any interesting and significant drivers in the market as of late. But three days ago, the demand started to reemerge, and on Thursday, the digital currency jumped north aggressively. Today, BTCUSD continues to attract buyers, probing...
Crude oil prices climbed to the highest levels in more than three years Wednesday amid the ongoing tension in the Middle East. Brent touched levels above $73 and retreated to $72 today. The market remains bullish as there are lingering concerns over supply disruptions due to the Syrian factor as well as the conflict between Saudi Arabia and Iran. The already...
Gold prices climbed to one-week highs around $1346 Wednesday, as the greenback continues to decline against major currencies, retreating to two-week lows according to the USD index. The yellow metal is appreciating for a fourth straight day, also due to its safe haven status amid the lingering geopolitical concerns. Spot gold is yet to confirm its bullish move....
Crude oil prices are extending this week’s recovery after a major sell-off on Friday, with Brent is approaching the $70 threshold for the first time since the start of the month. The barrel is up 1.18% on the day, and the key question now is whether the prices will have enough impetus to challenge the key psychological resistance in the short term. The major...
After a three-day retreat, BTCUSD staged a rebound over the weekend and attempted to regain the $7,000 threshold on Monday but the sellers reemerged recently and sent the price into the negative territory again. Bitcoin is now down 1.75% on the day. Over the weekend, the digital currency broke several upside barriers as the sentiment in the industry has improved...
BTCUSD continues to suffer losses on Friday after yesterday’s drop by 1.2%. However, the price manages to keep above the key $6,400 mark so far, which prevents it from falling to early-April lows below $6,000. The cryptocurrency still fails to attract buyers and stage a rebound, trading in the negative territory for the second consecutive week. Despite all the...
Brent has recovered from yesterday’s two-week lows below $67 but lacks momentum to show a substantial corrective rebound on Thursday, oscillating around the $68 threshold. The markets look mixed on controversial US inventory data and signals from global stocks. The US crude oil stocks decreased sharply last week, but production continued to grow and hit fresh...