December 4, 2022

Forex Solution

Learn To Trade Forex

Light bounce in crypto quickly fades, Bitcoin down nearly 10% on the day

1 min read

Bitcoin bounced from $38,500 to $40,500 but has fallen back to $39,000

Bitcoin

The pressure is on against cryptocurrencies now as we’re seeing the squeeze continue.

From a technical perspective, this is a very slippery slope for Bitcoin if the drop today breaks below both the $40,000 mark and its 200-day moving average. If sellers can manage that, a push towards $30,000 isn’t out of the picture next.
Invest in yourself. See our forex education hub.




Source link

Copyright © All rights reserved. | Newsphere by AF themes.