Poland’s Strong Consumption and Investment Point to Robust Growth with Mild Inflation Outlook
Ukraine Peace Deal Hopes Weigh on EUR Inflation Swaps as Real Rates Hit New Highs
Germany’s Economy: Three Years of Stagnation With Only Limited Signs of Recovery
Commodities Move on Geopolitics and Weather as Oil Rises, Gas Falls, and Nickel Faces Supply Risks
USD Overvaluation Persists as Geopolitics Dominate and JPY Faces Intervention Risks
BTC has been trading downside as I expected and the price has reached downside objective at $17.000 but there is potential for further drop.
Due to the strong downside momentum and breakout of the key support, I see potential for further drop.
Watch for selling opportunities on the rallies with the downside objective at the price of $14.000.
MACD oscillator is showing strong downside momentum, which is sign that sellers are in control.
Key resistance is set at the price of $17.225
Relevance up to 08:00 2022-11-11 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
