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Sep 12 - 01:55 PM

Bitcoin - Drifts Higher Amid Lower Global Rates And Rising ETF Demand

By Paul Spirgel  —  Sep 12 - 08:55 AM
  • BTC= up 0.5% to 57.8k in early NorAm, Thursday range 58.5k-57.1k

  • ECB's expected 25bp cut nFWN3KU0II holds little sway on BTC

  • Cryptos firm with risk, follow precious metals (supply concerns) higher

  • ETF flows Click here and c.bank shift to lower rates props up BTC

  • BTC res 58.5k Thurs high, 58.7k 50% Fib of 65k-52.5k, 60.8k the 55-DMA

  • Supt 57.1k Thurs low, 56.4k the 10-DMA, 55.4k Sept 11 low

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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