Forecasting the dollar, gold and coin markets / A look at the financial markets June 9, 1401
According to Tejarat News, today the national exchange dollar was as high as recently. Since then, prices in the gold and coin markets have been declining.
Bitcoin forecasting
A prominent strategist nicknamed Rekt Capital believes that bitcoin is likely to grow soon. Because the dominance of this digital currency has increased dramatically and a bullish pattern is forming in the chart of this currency. Of course, the growth of bitcoin declined altcoins.
These days you may notice an unprecedented increase in dominance Bitcoin Be. The asset goes to the biggest cryptocurrencies for fear of market collapse, and the Altcoin capital flow is very low.
The latest report from Coinshares Digital Fund shows the total revenue Bitcoin It reached $ 126 million last week. With this account, the total income of this digital currency from the first year until today reaches 506 million dollars.
Altcoins had a small inflow last week, and this shows the popularity of large cryptocurrencies. Atrium is no exception, and the currency had an outflow of money last week. The second largest cryptocurrency in the market last week was $ 32 million, and this is the ninth consecutive week that money is leaving Atrium.
When does Bitcoin start to grow?
The well-known strategist believes that if Bitcoin dominance stabilizes between 49 and 51% of the market, growth will probably start. when Bitcoin It controlled over 50% of the market and was priced at around $ 60,000.
Of course, Rekt Capital also believes that the price of the market’s largest digital currency is declining. If the market is to fall, the currency is likely to fall after the 25% support breaks.
In a downturn, the best asset protector in the cryptocurrency market Bitcoin Is.
Stock forecasting
Fardin Aghabzargi, a capital market expert, says: “Currently, the stock market is ambiguous on issues such as Borjam and the elimination of preferred currency.” The market and the homogeneous index have had good returns in the last two months, and it seems that the total index will reach the range of 1.6 million units.
Gold and dollar price forecast
“In the last few days, we have witnessed new developments in the domestic gold market,” Maryam Mohebbi, a financial markets expert, told Tejarat News. Uncertain news and signs have arrived regarding the negotiation process, which indicates that the path of agreements in the Iranian nuclear case is becoming more difficult.
He continued: “These were not good signs and caused the price of the dollar to rise. This increase had a direct effect on the gold market and we saw the figure of one million and 400 thousand tomans for 18 carat gold.
The expert also explained about international markets: “On the other hand, in global markets, the instability of cryptocurrencies, as well as rising inflation in various countries and the lack of positive results of US policies to reduce inflation, caused the price of global ounces to rise.” Therefore, we saw pressure on the gold market in two directions.
He also said: “In the coming days, the global trend is not expected to change and this slope will continue with gentleness.”
Mohebbi blamed the lack of agreements and contradictory news on the replacement of Russia and Iran for the sale of oil to China as one of the reasons for the increase in the dollar rate in the country. These can directly affect the price of gold.
He also cited finding a new global market for oil sales, reaching agreements and eliminating budget deficits, reducing money printing and speeding up money circulation, all of which could affect the exchange rate.
“If the current situation is stable, the price of gold will not be expected to fall,” he said. Gold is likely to continue on a much smoother slope than inflation.
He also predicted an upward trend in the dollar.
The latest news of market developments on the page Markets reportRead Business News.