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BTC/USD, GBP/USD, XLE and WMT Forecasts – Dollar Slips, Energy and Quality Favored

BTC/USD, GBP/USD, XLE and WMT Forecasts – Dollar Slips, Energy and Quality Favored

By: 
Christopher Lewis

The US dollar is softening on Monday, but we are still looking at energy and quality in the other markets being where money flows to.

BTC/USD Technical Analysis

BTC/USD daily candlestick chart. Source: TradingView
BTC/USD daily candlestick chart. Source: TradingView

Bitcoin is a market that I am watching very closely. I do think we are in the midst of turning things around and one cannot help but notice that somewhere around 74,150 there is a little bit of resistance that it looks like we are trying to get beyond.