USD/JPY: Verbal Intervention Intensified But Real Intervention May Have to Wait

The well-known (but anonymous) analyst known as PlanB predicted that Bitcoin’s price will reach $150,000 by the end of this year and $800,000 by 2025. How realistic is this? Analyzing the long-term BTC/USD chart on May 16, we built a “roadmap” for Bitcoin’s price, which appeared as an expanding fan consisting of a median line, […]

Gold is adding on Friday, and it appears that a flight to defensive assets, rather than the risk appetite that drove the price earlier this year, is behind it. Since the start of the week, gold has twice pushed off support at $2300, where the round price level and the 76.4% retracement level from the […]

Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level for the past seven days. Bitcoin is trading near $61.9K, forming a sequence of […]