BTCUSD Charts – More Choppy Trade Expected Before Bullish Continuation

Global FX Insights • Jul 23, 2019 at 10:05 AM EDT

The news of tech giants now turning towards the world of crypto has invited a higher profile that should be a net positive in the long run. But it also brings more scrutiny.

Video length: 00:01:03

Bitcoin enjoyed a spectacular run in the second quarter of 2019, racing to fresh yearly highs, surging towards 14k, on the back of increased adoption and more openness from the traditional investor community. The news of tech giants now turning towards the world of crypto has invited a higher profile that should be a net positive in the long run, but that has also exposed the ethos to critique from higher levels at the central bank and government levels. The market is also going through a period of technical adjustment after the fierce run up, though we anticipate demand from institutional players into dips.

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