Bitcoin’s 200-Day Average About to Lose Bullish Momentum; NFP Eyed
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
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Technical Analysis
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
A recap of the crypto market from August 11th to 17th.
The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.
Bitcoin (BTC) started the weekend with a slightly more positive sentiment after a mostly bearish week, seeing some price recovery. … Continue reading
The post Analyst warns Bitcoin chart ‘indicates more down’ for August appeared first on Finbold.
Bitcoin’s Bollinger bandwidth has narrowed to levels that have historically preceded volatility explosions.
Meta Platforms (NASDAQ: META), with a market cap exceeding $1 trillion, is primed for significant growth, buoyed by robust artificial … Continue reading
The post Analyst sets Meta stock price roadmap to $800 appeared first on Finbold.
In a rapidly evolving cryptocurrency market, Bitcoin (BTC) finds itself at a critical juncture. The world’s leading digital asset has … Continue reading
The post Long or short BTC? Analyst highlights two Bitcoin scenarios at key level appeared first on Finbold.
Markets that consistently trade below the 200-day SMA are said to be in a downtrend.
The ratio has declined 35% in one month, reaching the lowest since March 13.
The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations.