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Crypto: Hope for a bottom
The crypto market is trying to stabilise around the $1.94 trillion mark for the third day (+0.8% in 24 hours and -4% in 7 days) after Friday’s sharp sell-off. It will soon be apparent whether support at the $2 trillion level has turned into resistance. chart Bitcoin is trading just below $55K on Monday morning, near the bottom of the downward corridor that has been in place since March. Technical indicators are pointing to a possible bounce as the price has moved out of the oversold territory on the daily timeframe, which has preceded rallies several times over the past three months. chart Ethereum is trading ... (full story)
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- Posted: Sep 9, 2024 8:38am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 117
