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Crypto majors struggle for support, but dovish Fed gives bulls hope

From stockhead.com.au

The endless game of crypto-market Mortal Kombat featuring just two characters, a bull and a bear, seems a little more intense today. Can tenuous-looking support hold? Bears sound like they’re ready to rip off a head, or at least a horn or two, while bulls are ducking, weaving, and throwing back the odd connecting haymaker, doing a little Ali dance in the process. In actual terms, what this means is, outliers aside, the entire market is down a bit but the fight is not yet lost, with majors Bitcoin and Ethereum both holding on to some kind of support amid, frankly, pretty ominous looking technicals. On to to some price ... (full story)

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  • Category: Fundamental Analysis