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    Bitcoin (/BTC) Futures Selling Continues

    Bitcoin (/BTC) Futures Selling Continues

    FromSchwab Network

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    Bitcoin (/BTC) Futures Selling Continues

    FromSchwab Network

    ratings:
    Length:
    6 minutes
    Released:
    Nov 16, 2021
    Format:
    Podcast episode

    Description

    The price of Bitcoin futures (/BTC) fell below $60,000 in the intraday Tuesday, Nov. 16, 2021, and have now lost nearly $800 in one week. Scott Bauer says a number of factors seem to be scaring investors into profit-taking like China's crackdown on bitcoin miners as well as the U.S. dollar trading at 16-month highs. Before /BTC breaks higher Bauer sees more selling pressure and anticipates a previous level of resistance - 57,500 - to act as a key level of support in the near future.
    Released:
    Nov 16, 2021
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.