Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’ By Cointelegraph
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© Reuters. A painful retracement in the (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021.
Many analysts predicted the decline to continue toward the $30,000 to $35,000 range, but the price reclaimed $40,000 as support again and on Wednesday BTC made an abrupt move above $44,000. This rekindled hopes that the $40,000 level is perhaps where Bitcoin may bottom out before continuing its move higher in 2022.
A clear bounce in Bitcoin’s Stochastic RSI
BTC/Gold ratio suggests Bitcoin is oversold
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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© Reuters. A painful retracement in the (BTC) market earlier this week sent the price below $40,000 for the first time since September 2021.
Many analysts predicted the decline to continue toward the $30,000 to $35,000 range, but the price reclaimed $40,000 as support again and on Wednesday BTC made an abrupt move above $44,000. This rekindled hopes that the $40,000 level is perhaps where Bitcoin may bottom out before continuing its move higher in 2022.
A clear bounce in Bitcoin’s Stochastic RSI
BTC/Gold ratio suggests Bitcoin is oversold
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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