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Pairs in Focus - Bitcoin, Gold, DAX, USD/JPY, EUR/USD, GBP/USD, USD/MXN, USD/CAD, GBP/CHF
Bitcoin has fallen rather hard during the trading week, breaking below the crucial $110,000 level. This is a large, round, psychologically significant figure, and an area that a lot of people will be paying attention to. The fact that we have broken below it is not a good sign, and the fact that the NASDAQ 100 seems to be falling apart will put quite a bit of negative pressure on Bitcoin as risk appetite is struggling. At this point, it would not surprise me at all to see Bitcoin continue to fall, but I would anticipate that the $100,000 level offering support. Gold had a very strong week, and as the stock markets ... (full story)
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