3 min readBITCOIN (BTC/USD):
We’re finally seeing strong momentum and volatility returning to the cryptocurrency market, especially with Bitcoin. Last week, Bitcoin closed with an impressive 11% week-over-week gain. Currently, it’s trading just above $68,000, encountering some resistance around the $69,000 mark.
If we take a step back, you’ll notice there are still a few key levels to surpass if Bitcoin breaks above and moves higher into the $70,000 range. Additionally, we can see that the RSI indicator has broken into the 70% level, so I’ll be closely monitoring price action developments throughout the week.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
