HomeCrypto GamingBitcoin (BTC) Prices Could Face Downward Pressure in Short Term, Trader Warns

Bitcoin (BTC) Prices Could Face Downward Pressure in Short Term, Trader Warns

-

“Bitcoin continues to tend to sell on growth, failing to make a fresh attack on the 200-day moving average,” FxPro senior market analyst Alex Kuptsikevich mentioned in a observe to CoinDesk. “Bitcoin has recently outperformed the stock market but is now retreating against the buying in the indices.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

There Are Many Bitcoin (BTC) Critics Left in Finance, Despite BlackRock’s (BLK) Newfound Love

Stone X Group's chief strategist, Kathryn Vera, gave a presentation on the Miami convention, stating that bitcoin will not be a reserve foreign money...

Pantera-Backed VALR Obtains South African Crypto License

"Obtaining the CASP license from the FSCA is a monumental achievement for VALR," Farzam Ehsani, the co-founder and CEO of VALR stated in a...

Bitcoin Back in Green as Crypto Market Awaits Hong Kong Spot ETF Decision

The market has shaken off issues of escalations between Iran and Israel because the U.S. seems to have talked Israel out of a counter-attack.

Gold-Backed PAXG Token Spikes to $2.9K Amid Geopolitical Tensions

Bitcoin traded at an ideal detrimental correlation to PAXG in an indication of weak demand as a geopolitical hedge, in accordance with one observer.

Most Popular

spot_img