BITCOIN Daily Shortterm Trend-Support/Resistence levels | 16 May
Updated
BTC now completed a correction and are ready to return to gain higher. 🟢 Trend: Bullish 🚀
🟢 Support: 60.000
🟢 Target: 100.000
// Fundamental news support the Uptrend //
_______________________
- A weaker dollar and lower Treasury yields, after latest US CPI data indicated a slowdown, strengthening expectations of an interest rate cut by the Federal Reserve.
- Investors are now pricing in around a 75% chance of a Fed rate reduction in September and 85% for November.
- Lower interest rates boost the Stock, Crypto, Gold market
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.