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Market Picture Market capitalisation has risen 2% in the last 24 hours to $3.37 trillion, 8.5% below January’s all-time peaks. However, Bitcoin buyers are showing more confidence, trading above the $107k area (+2.9%). Ethereum and many other altcoins saw stronger intraday gains but still have a lot to recover after retreating significantly following the broader […]

The post Bitcoin Close to the Top appeared first on Action Forex.

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13/02/2025

Crypto Market on a Lower Floor

Market Picture The cryptocurrency market has been stabilising at a lower level since early February. The $3.3 trillion capitalisation mark is acting as resistance, causing the market to reverse downwards quite swiftly. In December, this level served as support. The Cryptocurrency Fear and Greed Index has risen to 50, trying to push off the local […]
23/04/2024

Sunset Market Commentary

Markets EMU PMI’s confirmed the economy is gradually leaving contraction/stagnation territory that reigned in in the second half of last year and during the first months of 2024. The composite output index rose from 50.3 in March to 51.4 in April, the second consecutive reading >50 after 9 months in contraction territory and the best […]
23/02/2024

AUDJPY Wave Analysis

AUDJPY broke long-term resistance level 98.40 Likely to rise to resistance level 100.00 AUDJPY currency pair recently broke the major long-term resistance level 98.40 (previous yearly high from 2022 and 2023). The breakout of the resistance level 98.40 should accelerate both of the active impulse waves 3 and (3). Given the multiyear uptrend and the […]