Bitcoin got help from buyers after a decline to $8700 and now try to cling to $9000. In any case, the dynamics of the last few days do not fit into the representation of crypto enthusiasts in halving-FOMO. There are growing fears among cryptomarket participants that falling below the 200-day average (now at $8,500) will trigger a wave of sales. In the meantime, this line acts as a support. Historical data shows that after halving, we may well expect a significant decline, but mostly it is based on the fact that before halving there was a growth. The Crypto Fear & Greed Index has gone down again, losing 4 points in the last 24 hours.
The FxPro Analyst Team
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies
