US markets are closed today as the United States celebrates Thanksgiving holiday. Unable to trade stocks, US traders will have to look elsewhere for some action. It is not hard to judge where this increased activity will go - cryptocurrencies! As cryptocurrency markets are open 24 hours a day, 7 day a week, it is quite common to see more interest in crypto trading at times when regulated markets are closed.
Small gains can be spotted across cryptocurrency markets during the European morning trade. Trading volumes are expected to increase in the early afternoon when US traders wake up. Bitcoin is trading in an interesting technical place. Downward correction launched on November 10 was halted at the lower limit of the Overbalance structure at $55,600. Coin started to trade sideways later on with the $55,600 handle serving as the lower limit of the range and 23.6% retracement at around $59,500 serving as the upper limit. Having said that, $59,500 handle is the near-term resistance to watch.
Source: xStation5
Daily Summary: Dow Jones hits record highs, while gold and silver rally on hopes for a US–Iran deal
Crypto News: Bitcoin Ignores Optimism On Wall Street. Is the Crypto Bull Market Ready to Return?
Morning Wrap: Wall Street Returns to the Offensive as Palantir Fuels AI Optimism
Morning Wrap: AI Fuels the Rebound. Technology Makes a Strong Comeback
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
