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Market Mood BTCUSD 04.12.20

Market Mood BTCUSD 04.12.20

Market Mood BTCUSD 04.12.20

in Daily Forecasts

Listen to the latest market mood for Bitcoin:

Bitcoin continues to rip higher and knock on the overhead resistance at $20,000. The increasing popularity of BTCUSD is still growing with more and more conservative investors adding some Bitcoin to their portfolios. The renowned hedge fund manager, Paul Tudor Jones, is bullish on Bitcoin and Bloomberg Intelligence conducted research looking at BTCUSD potential to reach $100,000 within 5 years!

Therefore, expect BTCUSD buyers from near-term support.

Trade Risks: The main risk to this trade remains volatility in the BTCUSD market on profit-taking at elevated levels/ at new all-time highs.


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Legal Forms & Documents

Risk Warnings

Cookies Policy

Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

* Cryptocurrencies are not available for trading under HYCM (Europe) Limited and Henyep Capital Markets (UK) Limited (retail clients only).

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

Copyright © 2023 HYCM