Bitcoin USD

Bitcoin futures followed their seasonal tendency to rally on Thanksgiving Day. And pattern is to hold true today, it could be set for a down day as we veer into the weekend.

Bitcoin, Gold Analysis: Ceasefire agreements are transitioning from speculation to reality ahead of the holiday season and Trump’s upcoming term. Gold’s rally has stalled below the $2,700 mark as haven demand wanes, while Bitcoin has retreated slightly below the psychological $100,000 level.

It’s been a fast-evolving market since the Presidential election three weeks ago. But stocks remain higher, Bitcoin has put in a major move and gold is on its back foot.

Bitcoin probes the key $100K level – will that be a profit-taking area or mere stepping stone on the way to $120K+?

Welcome to Friday! Bitcoin inches closer to $100K, with spot and futures markets hitting record highs. Gold breaks above its 50DMA, bolstering bullish picture, while crude oil builds momentum despite lighter volumes. ASX 200 futures remain a buy-on-dips play, edging closer to record highs. EUR/USD stays under pressure, hitting fresh 2024 lows.

The headlines around Bitcoin are already talking about the 100k level but first, bulls need to push above and gain acceptance at the 95k level.

Bitcoin is showing signs of fading bullish momentum, hinting at pullback potential before another leg higher.

Bitcoin Forecast: After the DXY pulled back from the 107-mark, Bitcoin retraced to the 86,000 level, reflecting a slight cooling in Trump-driven market momentum. Is the 100,000 mark still within reach?

There’s no denying that the technical outlook on Bitcoin is more bullish than it’s been in weeks if not months

Gold and bitcoin are not particularly correlated with any market right now, suggesting increased emphasis should be put on price signals when assessing trade setups in the week ahead. Having broken minor downtrends on Friday with gusto, the bias for both is higher near-term.

Friday’s strong jobs report means the Fed is less likely to cut interest rates aggressively, but a strong economy nonetheless should support risk assets.

Massive stimulus announcements from China and solid US economic data have kept cryptoassets bid - is Crypto Summer back?

US election prediction markets have tightened following the debate, a potential headwind for cryptoassets

Bitcoin and Ether struggled as last week’s data underscored the shift in the market’s focus from inflation to the labor market and health of the consumer.

BTC/USD remains within its recent range, but the technical outlook for ETH/USD has flipped negative after breaking key support.

Look at bitcoin’s latest weekly candle. Yes, it’s incomplete, but what a turnaround from where we were on Monday. As of the time of writing, it’s a big bullish pin. Unless we see a major reversal today, that’s a strong signal we may see further upside ahead.

Risk assets may be on the rise, but it is more due to a pause in risk off as opposed to buyers rushing back in. Still, it could still allow for some bullish wriggle room on AUD/USD and bitcoin if sentiment allows.