Published at 02:03 (GMT) 31 Jul
31 Jul USD / PHP Daily
01::19 GMT - Opening strength is extending corrective upmove towards daily down trendline at 43.510 and ability to clear the latter will warrant further call on the upside. Setback below 43.375 support to help bears reverse current rebound. [W.T]
R5: 43.95 25 Jun high
R4: 43.73 20 Jun low
R3: 43.69 * 30 Jun high
R2: 43.67 15 Jul high
R1: 43.51 * 9 Jun low/T-line fr 24/3 high
S1: 43.375 25 Jul high
S2: 43.25 28 Jul low
S3: 43.19 * 24 Jul low
S4: 43.15 31 Oct low
S5: 43.10 29/30 Oct lows
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Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
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The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.