$BTCUSD - Pfizer hits Bitcoin. Two scenarios on the watch.

9 Kas 2020

Hi guys!

🔔 Markets were shaken today after the vaccine updates announcements from Pfizer reporting that their vaccine is 90% effective.

🔔 The news supported the surge of crude and US Indices and the plummet of Gold, Silver and Bitcoin as end-of-pandemy hopes enveiled global markets.

🔔 There are two possible scenarios for Bitcoin here. The first sounds more positive as it appears that the price is about to form a triangle pattern and comtinue the bullish run towards new high, probably somewhere near 20K, thoug I'd target 17 600 first. The second one is that Bitcoin will break the dynamic support and will drop towards $14 064 and below that to $13 202.

🔔 Factors which might support the further soar of Bitcoin are the global economic data to be announced - US Job openings are expected to be lower.

🔔 Major factor which might support the downtrend of BTC could be the Sales season and holiday seasons which are coming soon. Investors might consider cashing-out.

✊🏻 Good luck with your trades! ✊🏻
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18 Kas 2020

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