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GBPUSD primary daily trend still has a downward bias but market is showing some strength with the 3 rising tops formed. Pair remains highly volatile and and break of the consolidation area below 1.4230 may lead to a resumption of the move to the downside.
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The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment.
The latest paper by researchers at the department of economics at the University of New Mexico, published on Sept. 29, alleges that from a climate-damage perspective, Bitcoin operates more like “digital crude” than “digital gold.”
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Sell if price breaks the support level for a move further down into previous resistance (which is likely to act as support).
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