When will the bitcoin be worth $15,000?

Morning Stock News

Gold   1693,50
(-3,96%)

EURUSD   1,0799
( -3,70%)

DJIA  24115
(-5,76%)

OIL.WTI  25,095
(-35,69%)

DAX   10609
(-13,96%)

The third trading week of June ends in mixed sentiments. On the one hand, we see that the governments of the leading countries are doing everything possible to prevent a deep crisis, on the other hand, the economy is not performing as it should. Is it probably just a matter of time?


BTC/USD

BTCUSD

The latest unemployment data in the US indicates an improvement. The number of initial applications turned out to be better than forecast, but there are still quite a few unemployed. All these expenditures put a lot of pressure on the budget and force the government to use additional resources. At this stage, Europe is doing better than the US. The DAX index is closing at 12177, which is 0.69% higher than the previous value. The S&P500 index is up 0.3% and trades at 3060.


Euro

The Euro remains in the range and is likely to correct to the level of 1.10. There are no strong data for the growth of the EUR/USD pair, and fears of a sharp increase in the infection of COVID-19 and a possible second wave are forcing investors to move into the U.S. dollar, which strengthens its position in the market. On Thursday, the pair EUR/USD traded at 1.1230.


Gold

Yesterday the precious metal price made new yearly highs. Of course, it is not so easy to stay at such levels, so the correction was inevitable. Now the price is at $1760 per ounce, which is above the serious support line of $1750. This week, most likely, there will be no serious movements and we will see consolidation. The bulls will be gathering strength for the next breakthrough.


Bitcoin

Bitcoin has been traded in the range of $9,000 to $10,000 for a month. Traders relax and place stops at the nearest levels. Summer is not the most interesting time for trading. Volumes and activity are decreasing. Entering the market of a large player can quickly throw out these stops and bring the price to levels up to $15000 per bitcoin. Also, a sharp buyback of the coin from the level 9000 suggests that someone likes this price very much and does not want to see the Bitcoin below.


What’s waiting for us today?

09.00 ECB Chairman Christine Lagarde will deliver a speech.
14.30 Expenses for personal consumption in the USA for May
14.30 University of Michigan USA Consumer Confidence Index for June


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