BTC/USD breaks ascending pattern

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


The BTC/USD has broken the channel up pattern, which guided the price of the cryptocurrency higher since early July. Afterwards, the price found support in the September high and early October low level zone near 52,950.00. On December 1, the rate had various future scenarios.

In the case of a surge, the price for Bitcoin would face the resistance of the 60,000.00 mark in a combination with the 50-day simple moving average near 60,750.00. Above these levels, the previous all-time-high level zone at 66,950.00/69,200.00 is located at. The high level zone is highly likely going to provide resistance.

Meanwhile, a potential decline of the price would look for support in the 59,950.00 zone, before aiming at the 50,000.00 mark. The 50,000.00 managed to provide resistance in August. Namely, it has shown to be capable of impacting the price's direction. Below the 50,000.00 mark, the 200-day simple moving average near 46,000.00 might act as support.
Back to articles

Actual Topics

Thu, 02 Dec 2021 10:22:08 GMT

EUR/CHF is at six year low levels

The EUR/CHF currency exchange rate passed the 2016 and 2017 low level of 1.0625 at the end of October. In November, the pair extended its decline, as it reached below the 2020 low level at 1.0510. Meanwhile, it was spotted that since mid-September the Euro has been declining against the Swiss Franc in a channel down pattern. If the

Wed, 01 Dec 2021 12:19:49 GMT

Natural gas reaches August levels

During Wednesday's European trading hours, the price for Natural gas extended its decline, as it reached below the 4.4000 mark. Gas prices have plummeted nearly 33.50% since the high level booked on October 6. From a technical analysis perspective, the daily candle chart of the commodity price reveals that the price has been declining in a channel down pattern since

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.