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CFI.co于2021年颁赠
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World Finance 2021颁发
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Capital Finance International Magazine (CFI.co)颁赠
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CFI.co于2022年颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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2021年埃及Smart Vision Investment Expo博览会获颁赠
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CFI.co于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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2014年首届亚军
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Finance Magnates 颁发
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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【XM Forex】--BTC/USD Forecast: Continues to Look for Momentum During Consolidation
Risk Warning:
The purpose of information release is to warn investors of risks and does not constitute any investment advice. The relevant data and information are from third parties and are for reference only. Investors are requested to verify before use and assume all risks.
Hello everyone, today XM Forex will bring you "【XM Forex】--BTC/USD Forecast: Continues to Look for Momentum During Consolidation". I hope it will be helpful to you! The original content is as follows:
- Bitcoin has initially dipped a bid during the early hours on Tuesday but has seen buyers jump in to pick it back up.
- I think at this point in time, it does make a certain amount of sense that we would see some noise after the massive run.
- So, I wouldn't be surWWW.xm-forex.comprised at all to see this market grind sideways.
Big Psychological Barrier Above
For a while, we have the massive psychological barrier in the form of $100,000 above, and I think that will continue to be a bit of an issue. If we can break above the $100,000 level, then it opens up the possibility of a much bigger move. The market consolidating for a while in a $10,000 level means that if we break above the $100,000 level, it's possible that we could go looking to the $110,000 level.
At this point in time, it's quite clear that this is a buy-on-the-dip market, and as a result, it's difficult to get overly aggressive on the short side. Frankly, I don't think anybody's looking to short Bitcoin at the moment, given the momentum that we've seen over the last several months.
We still have all of the same issues with Bitcoin that we've always had, other than the fact that price goes up. We don't have any real use for it in the real world yet, and we are starting to see a lot of social media noise, which is generally a sign that bad things are coming. That doesn't necessarily equate to a tradable signal. It's just something I've noticed in the last couple of cycle highs.
Even if this is a cycle high, the question then becomes where is the support? The support is at $90,000, and then again at $80,000, followed by $74,000. Remember, we broke out of massive consolidation at $74,000, so I think market memory comes into the picture there. I don't have any interest whatsoever in trying to short this market, and I do recognize if we get that breakout above $100,000, it'll kick off the next leg higher.
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