Technical analysis seems to have played a crucial role in recent Bitcoin dynamics. Closing the day on Wednesday below the 200-day average signalled a further decline, which we witnessed. During the last 24 hours, the benchmark cryptocurrency has lost another 2% and changed hands at $8.350.
The inability of the coin to stay above $9K triggered profit-taking. Now bulls hope that Bitcoin has a strong support at $8,000 – $8,200, and as we approach this range, buyers may become more active.
Altcoins duplicate the descending dynamics of the first coin, and the Bitcoin dominance index has slightly increased at 66.2%. The Bitcoin Greed and Fear index has entered the “Fear” mode at 40.
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies
