The troubles keep piling for cryptocurrencies. While Binance overcame withdrawal issues, Coinbase remains under pressure from regulators.
In addition, the risk-off mood that engulfed markets on Thursday – after weak data – added to pressure on Bitcoin, a risky asset.
BTC/USD dropped under $26,521, a support line from late March, and the next levels to watch are $25,295 and then $24,769. Resistance is at $26,780 and $27,875.
We could see a short-term pullback, but the trend remains to the downside. The 4h-50 SMA broke below the 4h-200 SMA to the downside, another bearish sign.
In addition, the risk-off mood that engulfed markets on Thursday – after weak data – added to pressure on Bitcoin, a risky asset.
BTC/USD dropped under $26,521, a support line from late March, and the next levels to watch are $25,295 and then $24,769. Resistance is at $26,780 and $27,875.
We could see a short-term pullback, but the trend remains to the downside. The 4h-50 SMA broke below the 4h-200 SMA to the downside, another bearish sign.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.