Bitcoin adds 2% in the last 24 hours to $8,900. Bulls tend to cling to $9,000, but the current growth comes with a 28% decline in trading volumes over the past 24 hours.
The Crypto Fear & Greed Index has grown by several points in a day, staying in the “fear” area. RSI finds itself in neutral territory. Technical indexes do not show clear signals, waiting for new impulses.
This can be considered a somewhat indicative reaction of investors to halving. After this event market participants will follow the actions of miners. So far, it is calm on this front: there are no fluctuations in the hash rate. Likely, all participants of the mining market have long been preparing for halving and have managed to build up a cushion that will allow them to maintain operations for an extended period.
The FxPro Analyst Team
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies