Bitcoin Bearish Correction Pauses: Focus Remains on Dollar and Yields
Bitcoin prices extended losses on Friday as the US dollar gained alongside the long-term Treasury yields. Downside pressure on cryptocurrency remains amid expectations of modest job growth in the US. The technical support offered by the 20-period moving average on the four-hour chart maintains Bitcoin’s medium-term bullish outlook. Bitcoin dropped Friday, suggesting that the benchmark […]
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Sliding US bond yields undermined the dollar and prompted bitcoin's climb on Thursday. Nevertheless, the trade appeared cyclical as the cryptocurrency fell lower this Friday on signs of firmer yields and a rebounding dollar.
Bitcoin lost steam on Wednesday, pausing a bull run that had accelerated on the backs of Tesla's $1.5 billion investment.
Ethereum started a downside correction below the $460 support level against the US Dollar. ETH price is now trading below $450 and it remains at a risk of more downsides. Ethereum is showing a few bearish signs below the $460 and $455 support levels. The price is now trading well below $460 level the 100 […]
Ethereum price started a substantial correction yesterday against the US Dollar, and it looks like ETH/USD may trade towards $10.20 in the short term. Key Highlights. ETH price started a correction after trading as high as $10.84 against the US Dollar. There is a bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is pushing the price down with resistance near $10.55. The pair has also moved below the 100 hourly simple moving average at $10.54, which is a bearish sign. Ethereum Price Correction. Yesterday, I highlighted the start of a correction in ETH....
Ethereum price failed to gain momentum against the US Dollar, and failed near $7.20. More losses are likely in ETH/USD moving ahead? Key Highlights. ETH price started a correction wave yesterday against the US Dollar, but it looks it failed to gain traction. There is a new minor bearish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a resistance. The price is back trading near the last swing low of $6.87, and remains at risk. Ethereum Price Decline. Yesterday, there was a correction wave initiated in ETH price against the US Dollar.....