Category: Grind
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Bitcoin Price Drifts Lower: Will the Grind Continue?
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Bitcoin price losses extended below the $58,500 support area. Bitcoin is struggling and may continue moving towards the $55,000 support area. Bitcoin is gaining momentum below the $60,000 support area. The price is trading below the $59,000 level and the 100-hour simple moving average. There is a connected bearish trend…
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Bitcoin Price Drifts Lower: Will the Grind Continue?
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Bitcoin price losses extended below the $58,500 support area. Bitcoin is struggling and may continue moving towards the $55,000 support area. Bitcoin is gaining momentum below the $60,000 support area. The price is trading below the $59,000 level and the 100-hour simple moving average. There is a connected bearish trend…
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EUR/USD to grind higher to above 1.15 in 2025: UBS By Investing.com
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On Tuesday, UBS noted that a slowing US economy could weaken the US dollar as the Federal Reserve may begin to ease monetary policy. For investors, UBS sees the exchange rate, which has been in a range of 1.10-1.15, rising above 1.15 by 2025. The brokerage notes that any dips…