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SpanishBTC Hits Fresh 5 – Week Low at $55,640 mark, A Dip Till $52,000 mark Likely; Nov 19, 2021
Top 5 Headlines on Digital Currency:
- Bitcoin inspirations and sentiments are not yet on a flat tire. Co-Founder and CEO of MicroStrategy, Michael Saylor has opined that Bitcoin is the only hope for Turkey – Investing.
- Charles Evans and Raphael Bostic, Fed governors from Chicago and Atlanta respectively, are among the U.S. central bank’s doves. So, their remarks suggesting mid-2022 rate hikes could be “appropriate” shows that the transitory inflation narrative may be wearing a bit thin – Investing.
- Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months as traders have booked profits from a long rally and been spooked by an expectation that creditors of collapsed crypto exchange Mt Gox might liquidate their payments – Investing.
- European stocks retreated from record highs, while government bond yields, oil prices and the euro tumbled on Friday as the specter of a fresh COVID-linked lockdown in Germany and other parts of Europe cast a fresh shadow over the global economy – Investing.
- Prime Blockchain, also known as PrimeBlock, is reportedly preparing for a public offering in the United States through a special-purpose acquisition company, or SPAC – Investing.
Technical View:
- The BTC spiked down and touches $55,640 mark in early Asia.
- The pair made intraday high at $57,528 and low at $55,640 mark.
- Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being.
- A sustained close above $59,200 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $55,900 will check further supports.
| SUPPORTS | RESISTANCES |
| $59,500 | $59,200 |
| $59,050 | $59,720 |
| $58,720 | $60,170 |
| $58,310 | $60,700 |
| $57,900 | $61,180 |
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