Bitcoin analysis for 07/06/2018
June 7, 2018 8:21 amVideo
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- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
Apple co-founder Steve Wozniak hopes that Bitcoin will become the single currency of the Internet. Therefore, Wozniak joins Jack Dorsey, general manager of Twitter and Square, in his enthusiastic belief that Bitcoin will become the only world currency: “I’m entering what Jack Dorsey says. I am not fully convinced that this will happen, but I certainly believe and I want it to be so “. At the Consensus Blockchain conference in New York, as reported by CNET, Dorsey also stated: “Customers can now buy and sell Bitcoins using the application. We noticed that this is a trait that our clients seek and we support Bitcoin because we see it as a step in the long-term path towards greater financial access for all”.
Dorsey was right. Because Square, Inc. added BTC functions to its payment applications, the value of its shares increased significantly. As a result, in April last year, Dan Dolev, an analyst at Nomura Instinet, believing that this rising trajectory is likely to continue, raised Square’s target price from $ 50 million to $ 65 million.
Dorsey and Wozniak remain faithful to their vision that the Internet will eventually have only one currency, most likely Bitcoin. Some time ago, Wozniak announced that Bitcoin is better than gold, and Dorsey added: “Bitcoin will overtake the dollar in importance as it will become the global internet currency in a decade”.
As usual, time will tell.
Let’s now take a look at the Bitcoin technical picture at the H4 time frame. The marked has bounced from the weekly pivot support at $7,304 and now is testing the local technical resistance at the level of $7,752. If this level will get violated, then the bulls will have the chance to test the key technical resistance at the level fo $7,890 and the whole breakout higher will remain valid. Moreover, a breakout higher would indicate the low of the wave 2/B is in place.
The material has been provided by InstaForex Company – www.instaforex.com
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