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BTCUSD Technical Analysis

On the daily chart below for BTCUSD, we can see that the big rally since the Silicon Valley Bank collapse has stalled around the $30K level as the bullish catalysts for Bitcoin are getting exhausted. In fact, we saw the cryptocurrency surge in value due to the easing in financial conditions and the drop in real yields, which is also what made gold to rally and bring into the spotlight the correlation between the two assets again. The price has been trading around this level for over a month now... Read More

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Btcusd

Technical

Analysis

Forex

Posted: May 5 2023, 08:02

Author Name: forexlive

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