Tensions eventually eased and things got better, although it's very unlikely to see them get back together. Nevertheless, as tensions eased, bitcoin and stocks started to recoup the losses and experienced a V-shaped recovery. There are mainly three risks for the cryptocurrency ahead: the failure of Trump's tax bill, renewed trade war after the July's deadline or increased inflation fears that trigger a hawkish repricing in interest rates expectations.
This is where we can expect the sellers to step in with a defined risk above the resistance to position for a drop back into the 100,723 level. The buyers, on the other hand, will look for a break higher to increase the bullish bets into a new all-time high.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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