Unprecedented Demand Skyrockets Bitcoin Price Towards a Staggering $130K High!
Introduction The dynamics of a marketplace, be it one for commodities like fruits and vegetables or more complex markets such as those for financial assets, revolve around the principle of supply and demand. What this means is that prices for items sold are determined at the point where the supply (or availability) of a product […]
“Expect a 7% Bitcoin Price Surge Next Week as Key Support Faces Demand Pressure: Act Now!”
Bitcoin experienced a significant breakdown attempt on May 12th, as it attempted to move past the monthly support of $27,000-$26,786. Despite these challenges, buyers managed to counteract the selling pressure by pushing up the prices with a long tail formation. This rejection candle demonstrates that buyers are still defending this support, which increases the possibility […]
“US-China Strains Drive Demand for Secure Assets, Trigger Treasury Yields Retreat!”
US Treasury yields declined on Monday due to a renewed increase in geopolitical tensions, which led to an upswing in demand for bonds. The current fluctuating environment is rendering investments in bond safety plays appealing. Bond yields move inversely to prices, rising as prices fall and vice-versa. The yield on the two-year Treasury Note dropped by 1.2bps […]