Gtag:

A Daily Outlook: BTC/USD; Nov 22, 2021

Top 5 Headlines on Digital Currency:

  • Crypto made a lower start to the week while oil and the euro were under pressure on Monday, as the return of COVID-19 restrictions in Europe. Austria began its fourth lockdown on Monday, with neighbouring Germany warning it may follow suit, shutting Christmas markets, bars, cafes and theatres – Investing.
  • Jack Dorsey, co-founder, and CEO of both Square and Twitter (NYSE:TWTR), released a white paper Friday detailing plans for Square’s decentralized Bitcoin (BTC) exchange tbDEX. Unlike most decentralized exchanges, or DEXs, tbDEX will not utilize a trustless model, and therefore will not feature its own governance token – Investing.
  • Cryptocurrency, once considered a scam and associated with black money, is now taught in higher education institutions. Rather than pursue traditional degrees in Economics or Finance, many students these days are choosing degrees in blockchain and digital currencies. As a result, more universities are adding crypto to their curriculum and offer courses in DeFi – Investing.
  • New York-based crypto-mining service provider Foundry USA takes the lead to become the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network – Investing.
  • Fidelity is the first solution for the custody and trading of bitcoin in the country, and is already available to institutional investors – Investing.

Technical View:

  • The BTC enjoys roller coaster movement and remains well supported below $60,000 mark.
  • The pair made intraday high at $58,775 and low at $56,825 mark.
  • Today a day chart is up and H1 chart with triple EMA suggests down trend for the time being.
  • A sustained close above $58,200 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $55,900 will check further supports.
SUPPORTS RESISTANCES
$55,900 $59,200
$55,410 $59,720
$55,080 $60,170
$54,780 $60,700
$54,400 $61,180

Take a look and do trade wisely!
Good Luck

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

Recent Posts

Categories

Offices

Law Partners House, Kumul Highway, Port Vila, Vanuatu

Mail us

Drop mail at:
support@tpglobalfx.com

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 Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

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.

TP Global Services Limited is registered with NFA (National Futures Association) USA with Registration Number 0533098.

mappin at-sign phone close