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Daily Market Outlook, January 24, 2022 Overnight Headlines Renewed Downturn In Japanese Private Sector Activity In Jan – PMI Australian Private Sector Output Shrinks Amid Covid-19 Hit – PMI Fed Expected To Back First Pandemic-Era Interest Rate Rise In March Goldman Sees Risk Fed Will Tighten At Every Meeting From March ECB’s Holzmann: Euro Area […]
Type: Bullish BounceKey Levels:Resistance: 40596.7Pivot: 35251.6Support: 33937.23Preferred Case:Price is abiding to the descending channel, signifying an overall bearish momentum. However, price is reacting at the support level of the channel, hence, we can expect a short-term bullish bounce from the pivot level. We can potentially see price bounce from the pivot level in line with […]
New York City Mayor Adams was nonchalant about receiving his first Bitcoin paycheck during a 50% drawdown from all-time highs. 3460 Total views 46 Total shares Bitcoin (BTC) is a New York state of mind thing for Eric Adams, the crypto advocate serving as the 110th mayor of New York City. He received his first […]
Shares of MicroStrategy Inc. MSTR, -17.84% tumbled 12.7% toward a more than two-year low in premarket trading Monday, as the enterprise software company and bitcoin play continues to suffer from the broad selloff in cryptocurrencies. MicroStrategy, which has previously said it uses bitcoin as a primary reserve asset, last disclosed on Dec. 30 that it […]
Bitcoin (BTC) has just reentered a key price zone, which has signaled the beginning of the end for bear phases, data confirms. In a tweet on Jan. 24, Charles Edwards, founder of crypto investment firm Capriole, flagged Bitcoin’s network value to transaction (NVT) ratio metric as it delivered a new and rare “oversold” signal. NVT […]
The Russian ruble RUBUSD, -0.98% fell Monday to the lowest level since Nov. 2020 on concerns the country will invade Ukraine and trigger U.S. sanctions. One ruble fetched as low as 0.012774 dollars, down from $0.012888. Source: Marketwatch