$BTCUSD Forex Signal: Bullish Flag Pattern Signals More Upside
For example, the weekend rally of BTC can be attributed to the fact that the Nasdaq 100 index rallied by 220 points on Friday. The rally came as investors reacted to the strong quarterly results by Amazon. The company’s revenue rose to more than $137 billion in the fourth quarter while its profitability also rose even as costs jumped.
In theory, strong economic numbers from the US should be a bad thing for BTC/USD pair because it raises the possibility that the Federal Reserve will be more aggressive when it comes to hiking interest rates in March.
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