“The price of bitcoin stopped in its growth. Indeed, after growing above $ 126,000, BTC was adjusted and returned to $ 120,000. Given the impulse, demonstrated over the last few days, it is not an abnormal fall. However, the recent sharp growth of ZCash (ZEC) can disrupt the king of cryptocurrency. In any case, this is what we have observed during the recent growth of this altcoin. […]”, – WRITE: Businessua.com.ua
The price of bitcoin stopped in its growth. Indeed, after growing above $ 126,000, BTC was adjusted and returned to $ 120,000. Given the impulse, demonstrated over the last few days, it is not an abnormal fall. However, the recent sharp growth of ZCash (ZEC) can disrupt the king of cryptocurrency. In any case, this is what we have observed during the recent growth of this altcoin. In Macro Point we are looking at where capital is now being directed. Do investors turn to risky assets? Is it up to safe assets? Went!
Bitcoin exceeded August ath in 3 days Bitcoin price twice jumped off from $ 110,000 support level for 3 days . After these positive reactions, the price confirmed ATH at the level of more than $ 126,000. Also the price closed above August ath and Sliding Medium (EMA 9/EMA 18) again set up to grow :
Bitcoin’s price against the dollar (3D) – register with Trading View using our affiliate link.
With such closure BTC continues its Bull impulse . In case of decline, the price may recover between Bull sliding average (about $ 117,000) or at a level support $ 110,000. Will need to be avoided Supports at $ 110,000 because BTC may fall to the next strong support at $ 90,000 .
RSI is recovering but remains below the bear line. While it is yes, The impulse remains weak .
Risk off: the dollar recovers and gold exceeds $ 4,000 The dollar goes to resistance at 101 Dollar index (DXY) is experiencing a difficult year, actually it The worst year since 1973. Price demonstrates Clearly bear dynamics and the sliding medium (EMA 9/EMA 18) is still bearings. However the price is recovering higher level 97.5 :
Dollar Index Schedule (3D) – Register with Trading View with our affiliate link.
If the rebound continues, the price can rise to resistance at 101. On the other hand, if the dollar eventually exhausts its strength and Level 97.5 gave way, he can continue falling to 95 level support. For cryptocurrencies would be positive to see that The dollar remains brittle .
RSI pulse indicator has an upward trend within a few months. So, Impulse is now in favor of buyers .
Gold explosively growing up to $ 5,000 Is the first gold or ethereum exceeding $ 5,000? Ethh still has a slight advantage but Gold is growing rapidly as such a highly capital asset. The price was accelerated after The punching of a symmetric triangle . The compression of the price has led to bull volatility :
The price of gold against the dollar (3D) – register with Trading View using our affiliate link.
Gold prices They grow steadily from the end of August and if they fall, they can return to the border Bull sliding medium (EMA 9/EMA 18) . Interesting, however, that the next Gold Support is at $ 3400 . Currently buyers have gold in their hands and a reference safe portfolio can reach $ 5000 .
RSI just punched the bear line. This breakthrough indicates Bull impulse As for gold in this time gap.
S&P 500 continues to rise despite the termination of work in the US News in the United States is not quite positive because the country led by D. Trump Now there is a closure . But despite the failure in the US, S&P 500 is in good shape growing on 40% since April :
Price dynamics S&P 500 relative to the dollar (3D) – register with Trading View using our affiliate link.
S&P 500 index demonstrates a bull impulse and in case of falling Bull Sliding Medium (EMA 9/EMA 18) can provide support. In case of a more significant fall, the price can return to $ 6350 level . Meanwhile, RSI has a positive trend for several months. So the impulse of this index is bull .
Key items to remember The price of the bitcoin confirms that it is still in a bull pulse after three days closing above August ath. Moreover, despite the fact that the US economy is experiencing Lockdown, the S&P 500 index remains strong. Meanwhile, gold has just exceeded $ 4,000, and there are no signs that the growth is over. Investors seem to seek to protect themselves from a weak dollar. Even though the bitcoin has been strong for several years, it remains an asset for Christine Lagarde.
Source: Journalducoin.com
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