CFDs and Spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs and Spread bets with this provider. You should consider whether you understand how CFDs and Spread bets work and whether you can afford to take the high risk of losing your money.

Bitcoin - Long - Set to Challenge All Time Highs

Mar 30, 2021

Edit Page

Bitcoin - Long - Set to Challenge All Time Highs by KQMarkets on TradingView.com

Commentary

 

Bitcoin is set to challenge all time highs above $60,000 once again on the announcement that Visa will enable payments to be settled in cryptocurrency.

 

We believe the cryptocurrency will continue it's strong upward momentum and has an RSI of 61 indicating it is not yet in overbought territory so could potentially reach the psychological $100,000 level at some stage this year.

All the content is provided for general information only and trade signals should not be construed as any form of regulated advice. It does not take into consideration your personal circumstances, including your investment objectives, risk profile, tax status, knowledge and understanding or financial situation. Past performance is no guarantee of future results.