Bitcoin Levels to Watch as Cryptocurrency Tops $100K

44 minutes ago

With bitcoin's move about $100,000, it broke above a newly formed pennant, a chart pattern that signals a continuation of the cryptocurrency’s current move higher.

A measure moved, which calculates the impulsive move higher that preceded the pennant and adds that amount to the pattern’s top trendline, projects a bullish target of $129,930.

Investors should monitor key support levels on bitcoin's chart around $90,500, $80,500 and $70,000.

Bitcoin was recently trading at around $103,000 and has gained more than 45% since the presidential election amid hopes the incoming Trump administration will adopt policies that benefit the crypto industry.

Read the full technical analysis piece here.

–Timothy Smith

Major Stock Index Futures Move Fractionally Lower

1 hr 13 min ago

Futures tied to major U.S. stock indexes were down less than 0.1% this morning, as trading gets set to kick off after stocks rose to fresh record highs on Wednesday.

Dow Jones Industrial Average Futures

S&P 500 Futures

Nasdaq 100 Futures

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