Bitcoin shows stable price dynamics during the last day at the background of decreasing trading volumes. Market participants took a pause waiting for new triggers. The absence of further decline may be good news for the market as a whole. With zero dynamics of bitcoin, altcoins show moderate growth, which led to a further drop in the BTC dominance index to 65.9%.
The Fear and Greed Index for bitcoin is at “neutral” 49 level. Relative Strength Index (RSI) declined from the overbought zone, which may indicate a negative short-term outlook for the benchmark cryptocurrency. Besides, formed two red candlesticks formed on the BTCUSD daily chart and the appearance of a third one may indicate a bearish reversal.
- 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