Bitcoin's Dramatic Surge To The Level 9,360 US Dollars

JAKARTA - The Bitcoin exchange rate suddenly jumped from 9,100 to 9,360 US dollars per coin. This surge occurred in the last 60 minutes ahead of the close of trading today.

Quoting Coindesk, at 18.45 WIB, the value of Bitcoin had corrected positively by about 2 percent in the last 24 hours. This positive spike occurred after European Union leaders agreed to provide post-pandemic COVID-19 fiscal stimulus worth 750 Euros.

"The injection of funds increased demand for equities and sent EUR / USD to a 4.5-month high of 1.1470, for Asian trading," VOI quoted Tuesday, July 21.

Especially hope that a vaccine for the corona virus will be ready by the end of next year. Made several major equity indexes in Europe each up at least 1.5 percent.

Where Bitcoin has recently developed a strong positive correlation with the stock market. So that it attracts market potential for investors.

"However, investors can now view bitcoin as a safe haven, given the high price of gold," said Interlapse Technologies CEO Wayne Chen.

From a technical analysis point of view, Bitcoin's immediate bias remains neutral, even though the day is up. Cryptocurrencies are still trapped in Bollinger's narrowing volatility band.

Bollinger's breakout in both directions would bring a measured move of $ 400 to support at $ 8,600 or resistance at $ 9,800, Adrian Zdunczyk, CEO of the trading community The BIRB Nest, noted in a blog post.