Global trading markets are witnessing major changes in light of rapid technological progress, the most important of which is the emergence of digital currencies that have become competitors to traditional currencies in financial markets. Bitcoin is considered the first leader in the scene, as its value reached about $ 94,000 yesterday, Friday.
This comes as central banks in many countries around the world are intensifying their efforts to develop digital currencies backed by government guarantees, which could open new horizons. The most prominent of these attempts are what the United States, Russia and China are planning.
In this report, we focus on analyzing market data to provide a complete view of advanced digital currencies, focusing on Bitcoin as the currency with the most influence on financial markets, in addition to reviewing the support it enjoys from prominent figures such as US President-elect Donald Trump, which enhances its position in the global economy.
Bitcoin, as shown on the chart, has support, resistance and trend. Currently, we are in a bearish pattern, and with a breakout, the start will begin, God willing.
