" Bitcoin is showing signs of a turnaround, with its price hovering above $65,000. However, it remains below important support levels such as the 50 EMA and is currently consolidating around the 100 EMA. A crucial factor for a recovery is lacking right now: momentum. Maintaining a price above $65,000 in the near term is crucial. This level has proven strong support and could potentially initiate a reversal. If Bitcoin manages to surpass the immediate resistance around the 50 EMA, approximately $67,000, traders anticipate a possible rebound. Additionally, the RSI at 47 indicates that Bitcoin is neither overbought nor oversold , suggesting a period of consolidation before significant movement. The broader economic landscape, especially concerns about inflation and potential central bank interest rate hikes, is impacting Bitcoin's current performance. Despite these challenges, Bitcoin's long-term outlook remains positive due to increasing institutional adoption and its...
Privacy Policy Effective Date: 8 September 2025 Our App is committed to protecting your privacy. This Privacy Policy explains how our coloring book / color drawing app handles information. No Personal Data Collected by Us We do not ask for or collect any personally identifiable information (such as name, email, phone number) from users. Backend Storage The Drawings Are Stored in Supabase backend but no user information is stored Our app uses the following third-party services that may collect information: Google AdMob – Provides advertisements within the app. AdMob may collect and use certain data, such as device information, cookies, and advertising identifiers, to serve personalized or non-personalized ads. For more details, please review Google’s Privacy Policy. Supabase – Supabase may log technical information (such as server logs) to operate securely. For more details, please review Supabase’s Privacy Policy. Since this app is designed for children, we comply with applicable chil...
📈 Nasdaq and S&P 500 futures rose a lot on Thursday because Nvidia continued to do well. Investors, who were back from the Juneteenth holiday, were waiting for economic data and comments from Federal Reserve officials to decide if interest rates might be cut this year. Nvidia went up 3.4% before the market opened. It's now the most valuable company in the world, worth $3.335 trillion. Nvidia's powerful processors are in high demand for artificial intelligence technology. David Morrison, a senior market analyst, said Nvidia stands out because its stock price has a big impact on overall market performance, even though only a few companies are driving the market up. Other technology stocks like AMD, Marvell, Micron, and Arm Holdings also rose between 1% and 2.4%. Today, investors are watching for more economic data, including housing numbers for May, jobless claims for last week, and the Philly Fed Business Index. Federal Reserve officials like Neel Kashkari, Thomas Barkin, a...
Comments
Post a Comment