Read more
8:01 AM · 23 August 2021

Chart of the day - BITCOIN (23.08.2021)

Equities and commodities started a new week by moving higher. Improved moods can also be spotted on other risky assets, like for example cryptocurrencies. In the case of Bitcoin, it is the sixth week in a row that the cryptocurrency has launched with an upward move. News of PayPal expanding its crypto offering to customers from the United Kingdom has sent Bitcoin to a 3-month high near $50,000 mark.

Taking a look at the BITCOIN from a technical point of view, we can see that the coin is testing a resistance zone ranging between $50,000 handle and the 61.8% retracement of the downward move launched in mid-April 2021. In case it fails to break above this hurdle, price may pull back towards the $45,000 mark, where the lower limit of the market geometry can be found. On the other hand, breaking above $50,000 would pave the way for a test of the $55,000 swing area.

Source: xStation5

4 March 2026, 6:21 PM

Daily Summary – Indices rebound as oil markets await further developments

4 March 2026, 4:56 PM

📀Coinbase and MicroStrategy surge as Trump challenges Wall Street banks

4 March 2026, 8:51 AM

Bitcoin jumps above $70k USD despite stronger dollar📈

3 March 2026, 6:51 PM

Daily summary: Markets capitulate under the influence of the Persian Gulf

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