FED’s Delay Taper May Boost Bitcoin to $55K Again

Today, Bitcoin attempts to break above $52,000 which is the highest price since May 19th.  At the time of writing, BTC is currently trading at around $51,500 with an increasing rate of 2.95%.

 

On the economic data front, last Friday, the U.S. Bureau of Labor Statistics revealed that nonfarm payrolls (NFPs) grew by 235,000 in August, against expectations of 733,000 positions. Nevertheless, the unemployment rate inched lower to 5.2% from the previous month's 5.4%.

 

Bitcoin skyrocketed in anticipation that a slowdown in the U.S. jobs sector would prompt the Federal Reserve to limit its taper tantrum.

 

In addition, the Delta variant keeps denting hopes of a steady economic and labor market recovery. Moreover, Sept. 3's job data hints that the U.S. central bank will need to continue its $120 billion per month asset purchase program. The outlook stressed the U.S. dollar lower and sent non-yielding hedging assets like Bitcoin higher.

 

BTC Technical Analysis

On the 4H chart, Bitcoin price is trying to break above Bollinger upper band, but it is still resisted by the upper band ($51,897). And since the beginning of September, BTC has been moving up with relatively strong bullish momentum. Both MACD and RSI give bullish signals. BTC has plenty of room to rise as there are no obvious resistance levels before $55,000.

图片1.png

Demo

想進行練習嗎?到模擬交易使用我們的贈金

5000 USDT
聯繫我們
twitter Telegram

Technical support: [email protected]

風險提示 該公司為客戶提供的金融產品,包括差價合約(“CFD”)和其他復雜的金融產品。差價合約交易具有高風險性,因為槓桿可能會對您的資金狀況產生積極和消極的影響。差價合約交易並不適合所有投資者,因為可能導致投資資本的完全虧損。不要投資超過您能承受的範圍。在開始復雜的金融產品交易之前,請務必閱讀有關所有風險。

© 2019 Bex500. All rights reserved.

登入
谷歌驗證

忘記密碼? 找回谷歌验证

還沒有帳號?立即註冊
找回密碼
60秒後重新獲取
獲取
註冊帳戶
60秒後重新獲取
獲取
服務條款隱私政策
已有帳號?立即登入