This Week's Hot Trade: Why We're Watching Bitcoin

This is Charting Futures, This Week. Gold, tumbled Monday after U.S. President Donald Trump and Chinese President Xi Jinping reached a trade war, truce. Gold slumping back below $ 1,400, an ounce. We're, also watching crude oil and Bitcoin.

. The cryptocurrency crashed on Monday undoing. Some of this year's rallies., Despite that it's, still up about 200 % since the start of the year.. We continue with a technical analysis on Bitcoin. Mike McGlone, with Bloomberg Intelligence focusing on Bitcoin.

The ease with which bitcoin in orange broke above the bear market's, most traded price $ 6,500 indicates full recovery. Futures open interest in white. Reaching new highs reflects increasing institutional exposure.

. This puts the next big resistance near $ 20,000.. Sustaining below $ 6,500 is a good definition of risk, as it would indicate failure. Holding should prevail in volatile Bitcoin.. This is charting futures this week, gold tumbled Monday after US, President Donald Trump and Chinese President Xi Jinping reached a trade war truce, gold, slumping back below $ 1,400.

An ounce were also watching crude oil and Bitcoin. The crypto currency crashed on Monday undoing some of this year's, rallies, despite that it's, still up about 200 percent. Since the start of the year.

We continue with a technical analysis on Bitcoin a mic mcglone with bloomberg intelligence focusing on Bitcoin the ease with which Bitcoin in orange broke above the bear markets most traded, price 6,500 indicates full recovery.

Futures open interest in white reaching new highs reflects increasing institutional exposure. This puts the next big resistance near 20000. Sustaining below 6500 is a good definition of risk, as it would indicate failure holding should prevail in volatile Bitcoin.

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