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Bitcoin bears win the tug-of-war battle at $62k, analysts warn further declines are likely

From kitco.com

Wednesday saw another day of volatile consolidation for the crypto market as Bitcoin (BTC) fell under pressure early in the trading session and saw intense grappling between bulls and bears near support at $62,000 in the afternoon. Stocks also trended lower at the market open and struggled to climb back into the green, with the day ending mixed for the major indices. The struggles come as investors remain unsure about the future of interest rates as they evaluate the latest earnings reports to see if other sectors can perform as well as tech. At the closing bell, the Dow finished up 0.44%, the S&P was flat, and the ... (full story)

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  • Category: Technical Analysis