A Daily Outlook: BTC/USD; Dec 02, 2021

Top 5 Headlines on Digital Currency:

  • According to the timer on, XinFin’s XDC Network update on its XDPoS consensus protocol will go live at block number 38383838 on December 2nd, 2021. The XinFin DPoS 2.0 is the next-generation decentralized consensus engine by the XinFin XDC Network – Investing.
  • On Dec. 2, Square announced that it is changing the company name so it can give the “full Square brand” to its Seller business. The move follows social media giant Facebook’s decision to rebrand to Meta in late October. It also comes just days after CEO Jack Dorsey stepped down from Twitter – Investing.
  • MicroStrategy has gone on a Bitcoin buying spree. The intelligence software firm has now become the biggest buyer of Bitcoin – Investing.
  • Major American electronics retailer Newegg continues diving is enabling payments in major cryptocurrency – Investing.
  • Pangolin, the community-driven decentralized exchange for Avalanche (AVAX) and Ethereum (ETH) assets with fast settlement, low transaction fees, and democratic distribution, has announced a formal partnership with Olympus to create a unique, bonding program and co-marketing push – Investing.

Technical View:

  • The BTC continues to trade in rigid boundaries and hovers around $57,000 mark.
  • The pair made intraday high at $57,413 and low at $55,840 mark.
  • Today a day chart and H1 chart with triple EMA suggest down trend for the time being.
  • A sustained close above $58,900 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $55,900 will check further supports.
$55,900 $58,900
$55,610 $59,150
$55,080 $59,600
$50,100 $60,200
$54,400 $60,800

Take a look and do trade wisely!
Good Luck

Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts



Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close