Logo-color Logo-white

The last time the BTC price was above $50,000 was in December 2021, making its way to the low around $15,500 reached in November 2022. Reaching the $50,000 level was facilitated by: → waiting for the halving, after which the price of Bitcoin is believed to receive a bullish impulse due to a reduction in […]

The post Bitcoin Price Exceeds Psychological Level of $50k appeared first on Action Forex.

previous

Are EURCHF Bulls Ready for a Breakout?

next

EURJPY Price Action and Technical Analysis Overview

Read More

29/02/2024

USD/JPY Tanks About a Full Yen

Markets Barring an outdated US Q4 GDP and PCE revision there was again not much to inspire markets yesterday. Speeches from Fed’s Williams, Collins and Bostic yielded the known mantra of data dependency and caution against premature cuts. That resulted in muted trading. Core bonds gained with US Treasuries outperforming, specifically into the final hours […]
03/10/2024

WTI Oil: Rising Geopolitical Risk Premiums and China Stimulus May Have Created a Medium-Term Floor at US$67.55-65.70

The recent sell-off of 18% in WTI crude oil since August has stalled. An increase in hostilities in the Middle East and impending fiscal stimulus measures from China are likely to trigger a medium-term trend change in oil prices. Technical factors suggest a further potential rebound in WTI crude oil towards the next medium-term resistance […]
14/07/2024

Gold as an Investment: Detailed Analysis and Price Forecasts for 2025-2050

Since ancient times, gold has remained a crucial element of global economies. Its unique properties have made it not only valuable as jewellery but also a reliable means of preserving wealth. Today, this metal constitutes a significant part of both investor portfolios and central bank reserves. This review analyses the dynamics and reasons for changes […]