On Friday morning, the benchmark cryptocurrency loses more than 9% and trades around $7,300. Within a few hours, the BTC fell by more than $1400. Market participants, apparently, do not have excessive patience with respect to Bitcoin. Unsuccessful attempts to grow above $8,000 resulting in increased pressure. As a result, a resistance zone around $8,000 was formed, which BTC failed to pass in July 2018 and stumbled over it the day before.
The number of supporters of the new wave of growth was not enough to continue to fuel the non-stop rally. The decline of Bitcoin covered the entire altcoin market, whose losses by Friday morning exceeded 10%.
The FxPro Analyst Team
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
