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SpanishA Daily Outlook: BTC/USD: Nov 24, 2021
Top 5 Headlines on Digital Currency:
- The Republic of Palau wants to explore digital money, and chose Ripple as the best partner to work on a a government-backed USD-pegged stablecoin – Investing.
- Bitcoin hits new all-time high in Turkey as fiat currency lira goes into freefall – Investing.
- In Australia, crypto might soon become a part of the country’s financial system. Financial Services Minister Jane Hume supports cryptocurrency and wants Australia not to be left behind the innovation – Investing.
- At the Bitcoin conference held in 2021, Nayib Bukele, the president of El Salvador, spoke about his intention to make crypto a legal tender in his country. In 2022, he will update the audience about the process of El Salvador adopting Bitcoin and how cryptocurrency is providing vast opportunities to the citizens – Investing.
- The most recent addition to the Los Angeles Rams’ team roster – wide receiver Odell Beckham Jr. – tweeted on Monday that he will receive the remainder of his salary for the 2021-22 season in Bitcoin – Investing.
Technical View:
- The enjoys roller coaster movement but remains well supported below $60,000 mark.
- The pair made intraday high at $57,750 and low at $56,162 mark.
- Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being.
- A sustained close above $57,900 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $55,900 will check further supports.
| SUPPORTS | RESISTANCES |
| $55,900 | $57,780 |
| $55,610 | $58,200 |
| $55,080 | $58,650 |
| $54,780 | $58,80 |
| $54,400 | $59,200 |
Take a look and do trade wisely!
Good Luck
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills