Latest Bitcoin Dip Did Little In Offsetting Wildly Bullish Bias; Here s Why
Bitcoin dropped immensely after setting up a record high of $64,896.75 as some traders decided to secure short-term profits.
The correction nevertheless did little in offsetting the benchmark cryptocurrency’s upside bias. Analysts remained convinced that the BTC/USD exchange rate would rebound from its sessional lows to pursue its uptrend as it was. One of them is Dr. Jess Ross.
The founder/chief executive at Vailshire Capital tweeted earlier Thursday that Bitcoin remains “wildly bullish,” citing an ascending triangle to back his upside sentiment. In retrospect, the BTC/USD exchange rate was trading inside the bullish continuation pattern, with the area between $60,000 and $61,000 serving as its interim resistance.
Despite Record Year, Wall Street Firms Refuse To Hike Banker Pay
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Wall Street gets frugal with employees after COVID-19 pandemic windfall
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Former Michigan Governor in Line for Secretary of Energy Post
Granholm choice gives automakers an ally in new administration.
Former Michigan Governor Jennifer Granholm is President-elect Joe Biden’s choice for Secretary of Energy.
President-elect Joe Biden is apparently prepared to nominate former Michigan Governor Jennifer Granholm to lead the U.S. Department of Energy, giving the domestic auto industry an influential ally in the new administration’s inner circles.
Granholm’s selection, which hasn’t been announced formally, was kept well below the radar. However, Biden worked with Granholm on the critical effort to rescue General Motors and Chrysler Corp. during the early days of the Obama administration in 2009 when she was in her last term as Michigan’s governor.