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BTC/USD: Bearish Outlook as ETF Outflows Rise

From dailyforex.com

Bitcoin price was attempting to bounce back on Thursday morning as investors embraced a risk-on sentiment, and after it found a strong support at the 50-day moving average. The BTC/USD pair was trading at 77,520, up slightly from this week’s low of 76,000. Bitcoin Price Rises, But Risks Remain The BTC/USD pair rose as investors embraced a risk-on sentiment after President Trump said that talks with Iran were in the final stages. His announcement sent the stock market higher and crude oil prices much lower, with the West Texas Intermediate (WTI) moving below $100. Bitcoin would benefit if the war ended as it would ... (full story)

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  • Category: Technical Analysis