Bitcoin resumed drop after a brief upward correction and a few days of a sideways move. The biggest cryptocurrency slumped yesterday after bulls were unable to push the price above the major price zone. The resistance zone ranging around the 61.8% retracement of the upward move launched in late-September is additionally strengthened by the upper limit of a local market geometry at $51,200. It suggests that recent recovery may have been just an upward correction and the market is about to return to the main downward trend. The nearest support to watch can be found at 78.6% retracement near recent lows ($46,000 area). Breaking below would pave the way for a move towards the $40,000 area.
Source: xStation5
EURUSD loses ground ahead of NFP
Morning Wrap: Tech Crash and a Black Thursday for Global Markets
Daily Summary: The Honeymoon Is Over: Wall Street Plunges Into a Massive Sell-Off
Norges Bank keeps rates unchanged, but leaves the door open to rate hikes. Is this really the end of the NOK strengthening, though?
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.