Bitcoin’s Big Break
Fundamental Analysis
A short-term decline in yields from bonds while risk appetite has been somewhat lower might continue to support the price.
This week traders are monitoring American GDP data most closely, which are likely to be at least somewhat positive, plus personal consumption expenditures at the end of the week.
Bitcoin Price Analysis by Antrea Themistokleous & Michael Stark
Watch our market outlook for more:
This article was originally posted on FX Empire
More From FXEMPIRE:
Arista Networks: Relentless Inflows Send Shares to New Heights
USD/JPY Forecast – US Dollar Continues to Threaten the Same Area
GBP/USD Forecast – British Pound Gives Up Early Gain to Continue Trend
GBP/JPY Forecast – British Pound Continue Same Dance Against Again
AUD/USD Forecast – Australian Dollar Continues to See Selling Pressure