by OverviewFX | Dec 5, 2024 | Cryptocurrency
$100,000 is a major signpost for bitcoin and we’re seeing some profit taking now as hodlers look for ETF buying as exit liquidity.bitcoin 5 minsThe broader risk mood is also stumbling slightly, though it’s hardly a notable move. I’m keeping a close...
by OverviewFX | Dec 5, 2024 | Cryptocurrency
The crypto market appears to be warming up to incoming SEC commissioner Paul Atkins.He was rumored for the pick but was nominated today and is friendly to crypto. That’s helped to lift bitcoin to $98,250 from a low of $94,800 just a few hours ago.Bitcoin 10...
by OverviewFX | Dec 5, 2024 | Cryptocurrency
Bitcoin has reached – and breached – the $100K level for the first time. The prior high reached on November 22 reached $99,800 and backed off. That level will now be close support. Traders will want to see the price momentum to move away from that level...
by OverviewFX | Dec 5, 2024 | Cryptocurrency
While all eyes are Bitcoin which broke through the $100K glass ceiling and have since moved to $103,500 area, the major Asian Pacific indices are having a mixed day:Nikkei 225 is up 176 point or 0.45% at 39458Hong Kongs Hang Seng index is down close to 200 pointw or...
by OverviewFX | Dec 2, 2024 | Cryptocurrency
There is a divergence unfolding with the Nasdaq up 1% but bitcoin now at the lows of the day, down nearly 3%.Bitcoin had showed some strength early in US trading but couldn’t crack $97,500 and sellers have now taken over in a relatively quick drop to $94,500,...
by OverviewFX | Nov 27, 2024 | Cryptocurrency
Standard Chartered on Bitcoin, forecasts:$125,000 by the end of this year$200,000 by end-2025Expects a dip below $88,700 in the current retracement phase. says to buy between $85,000 and $88,700 Stan Chart cite:large increase in bitcoin buying from exchange-traded...
