BTC/USD trades in a 10,000.00 range.

Note: This section contains information in English only.
Source: Dukascopy Bank SA


In mid-February the BTC/USD rate found resistance in the 45,000.00 mark and started a decline. By the end of February, the price found support in the 35,000.00 level and a zone below it. Afterwards, another test of the 45,000.00 level occurred and failed. Namely, the price is fluctuating sideways in a ten thousand US Dollar range between the two mentioned levels. In March, the rate has been mostly bouncing around the 40,000.00 level. The sideways trading around the round level is attributed to the markets awaiting for the US Federal Reserve rate hike that is scheduled for 16.03.2022 18:00 GMT.

In general, the size of the expected US Fed rate hike is set to reveal the future strength or demand for the USD in all transactions that are somehow linked to the US Federal Reserve base interest rate. If the rate hike is higher than the market consensus of 0.25%, which has been previously mentioned by the head of the Fed Jerome Powell, the USD would surge. A surge of the USD is bound to cause a decline of the BTC/USD pair. In the meantime, an announcement of the already priced in rate or no change in the rate might be bullish for the BTC/USD due to a decline of the value of the Dollar.

A potential surge would have to pass above the 40,000.00 mark and the 50-day simple moving average at it, before approaching the 44,400.00/45,600.00 zone. Higher above, take into account the 200-day SMA near 48,700.00 and the 50,000.00 mark.

On the other hand, a decline of the cryptocurrency is most likely going to look for support in the 33,200.00/33,550.00 zone. Further below, note the 30,000.00 mark and the 2021 low level zone at 28,800.00/29,450.00.
Back to articles

Actual Topics

Mon, 14 Mar 2022 11:41:31 GMT

USD/MXN reveals resistance zone

Since the last review done on February 14, the USD/MXN currency exchange rate declined and found support in the marked channel up pattern's lower trend line. Afterwards, a surge started, which passed the previous 2022 high level at the start of March and eventually almost reached the 21.5000 mark. On March 8, the rate declined and with it revealed a

Thu, 10 Mar 2022 12:31:57 GMT

US Small Caps 2000 respects retracement levels

Since the previous review of the USSC2000 index on February 7, the index has been respecting the Fibonacci retracement levels at 2,100.00 and 1,890.00. In addition, the index is being impacted by the 2021 low levels at 2,033.50 and 1,938.00. Moreover, the 50-day simple moving average has approached the stocks from above and is acting as resistance. If the stocks resume

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.