Read more
9:12 AM · 9 March 2022

Chart of the day - BITCOIN (09.03.2022)

Strong gains can be spotted across the cryptocurrency market today. US President Joe Biden is expected to sign an Executive Order on cryptocurrencies today that may pave the way for a broader adoption of digital assets. While details are scarce so far, the US Treasury may have spoiled the announcement with a statement that has already been deleted from its website. In the statement, the US Treasury said that the Executive Order will support "responsible innovation that could result in substantial benefits for the nation, consumers, and businesses."

Taking a look at BITCOIN chart at the D1 interval we can see that a big reversal occurred this week. After a week-long pullback, Bitcoin managed to halt declines at 78.6% retracement of the upward move launched in July 2021 ($37,500 area). A strong upward move was launched today with price jumping almost 9%. Should the upward move continue, the nearest resistance zone to watch can be found ranging around 61.8% retracement ($44,300 area). Note that this zone also serves as the upper limit of a current short-term trading range.

Source: xStation5

18 November 2025, 6:44 AM

Morning Wrap (18.11.2025)

17 November 2025, 8:41 AM

Crypto news: Bitcoin tries to stop the sell-off 📌ETFs net outflows pressure crypto

14 November 2025, 4:28 PM

3 markets to watch next week (14.11.2025)

12 November 2025, 6:41 PM

Daily summary: Markets Show Slight Optimism Despite the U.S. Shutdown

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits