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Bitcoin find support following profit taking induced selloff. ‘Hodlers’ continue to accumulate Bitcoin at pace, adding 262k Bitcoin over the last 30 days. Bitcoin’s current price stabilization above the critical 58,500 support level, a new leg to the upside? Bitcoin prices have stabilized at a key area of support above the 58500 handle following a […]

The post Bitcoin Price Analysis: Key Support Levels and Market Trends Amidst Major Transactions appeared first on Action Forex.

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13/09/2024

Gold Broke Through the Ceiling

After three weeks of consolidation, gold moved decisively upwards, hitting a record above $2572 per troy ounce on the spot market on Friday. The price rise has approached 3% since the beginning of the week and 25% since the beginning of the year, well ahead of the major stock market indices and against the general […]
17/07/2024

Crypto Market Reversal Saves XRP & Litecoin from Collapse

Market picture The crypto market is recovering faster than it was falling, adding another 2.4% in 24 hours to $2.4 trillion. Bitcoin has rallied 15% since Saturday, now testing $66K. Ethereum is trying to cross $3500. Among the top coins, XRP stands out, soaring 12% in a day and 38% in 7 days, taking out […]
19/06/2024

CHF: Getting Bid Up Due to Safe Haven Status

The prior 6-month weakness of the Swiss franc against G-10 currencies has seen a short-term bullish reversal due to safe haven demand. Ongoing political uncertainty arising from the upcoming French legislative elections reinforced the ongoing CHF strength which led to three consecutive weekly losses on the EUR/CHF cross pair. A surprise dovish stance from the […]