
Bitcoin Bulls Eye Weekend Bounce as Nasdaq Finds Support
Bitcoin bulls eye a weekend bounce as Nasdaq finds support, BTC holds $80k and bullish reversal signals emerge alongside stronger correlations.
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Bitcoin bulls eye a weekend bounce as Nasdaq finds support, BTC holds $80k and bullish reversal signals emerge alongside stronger correlations.

Markets went from risk off to risk on yesterday afternoon and we have since kicked on with some follow-up buying of stocks, gold and silver, while the dollar has also shown signs of weakness. Risk appetite turned positive after bond yields and oil prices both retreated yesterday.

Gold has dipped below its three-month uptrend, while Bitcoin has pulled back from a nine-month high as U.S. bond yields test levels last seen in 2004 and 2007. Risks build as Fed rate-hike expectations remain above 70%, while the Dollar Index holds near yearly highs.
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