Bitcoin reaches $95K goal as ‘unpleasant’ BTC price candle disrupts breakout

Bitcoin reaches $95K goal as 'unpleasant' BTC price candle disrupts breakout

Key Points The recent slump in Bitcoin’s price momentum suggests a possible decline in targets, with warnings from Wyckoff analysis indicating that the $100,000 support could be at risk. A move towards $122,000 seems unattractive, particularly given the daily time frame rejections. Highlighted is the CME gap near $117,500, which remains a focal point. Bitcoin […]

EUR/CAD Price Prediction: Fluctuates above 1.6000 before Eurozone ZEW Survey results

EUR/CAD Price Prediction: Fluctuates above 1.6000 before Eurozone ZEW Survey results

The EUR/CAD is hovering around 1.6020 as the Eurozone prepares to release its ZEW survey – economic sentiment data for August. Concerns regarding the Canadian labor market are prompting speculations about possible interest rate cuts by the Bank of Canada (BOC). Despite this, the EUR/CAD pair is generally on an upward trend, supported by the […]

GBP/JPY Price Outlook: Poised to regain 200.00

GBP/JPY Price Outlook: Poised to regain 200.00

GBP/JPY is likely to stabilize around 198.60 as the market anticipates UK labor market figures for the three months ending in June. A recent summary from the Bank of Japan reveals concerns over global trade risks among authorities. GBP/JPY is currently trading above the 20-day EMA. During the late Asian trading session on Monday, the […]

Silver Price Outlook: XAG/USD drops close to $38.00 with US-China tariff deadline approaching

Silver Price Outlook: XAG/USD drops close to $38.00 with US-China tariff deadline approaching

Silver prices retreat to around $38.10 during Monday’s Asian trading session. Traders are keeping close tabs on updates regarding US-China trade negotiations before looming deadlines. Increased expectations of Federal Reserve rate cuts might help mitigate silver’s losses. On Monday, Silver Price (XAG/USD) is set to break a six-day winning streak as it encounters selling pressure, […]