View full page at cryptocraft.com

 

BTC/USD: Struggles with Momentum

From dailyforex.com

The Bitcoin market has been back and forth during the entire trading session here on Tuesday with the $110,000 level being a bit of a magnet for price. The candlestick so far looks as if it is a market that is confused and doesn't really know what to do. That's not really a huge surprise considering how much uncertainty there is when it comes to monetary policy, while people do expect the Federal Reserve to cut raids, the reality is, is it a sign of weakness? Are there more significant underlying concerns out there? Because if there are, then taking risk in Bitcoin is probably not going to be high up on the priority ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis