Monthly Archives: March 2018

Bitcoin Battered Below 7K, Cut in Half for 2018

Bitcoin, the worldÂ’s largest cryptocurrency by market capitalization, fell to fresh lows below $7,000 in early trading on Friday, reaching its lowest levels since early February. Bitcoin has now lost approximately 50% of its value in 2018. The move comes after the price of Bitcoin rallied 1,400% in…

USDCAD struggles below 50.0% Fibonacci; bearish correction mode in progress

USDCAD completed a bearish correction following the pullback from the 9-month high of 1.3130, reached on March 9. As a side note, the pair has been consolidating below the 1.2950 level until the 1.2800 handle, which overlaps with the 40-day simple moving average (SMA) over the last six trading days….