Today news
About the same in other media
Crypto Enthusiasts Turn to Technicals for Guidance After Slump
Reading now: 271
ndtv.comCryptocurrencies have sold off in recent days amid a regulatory risks concerns.
New Delhi: Amid another choppy day for most cryptocurrencies, digital token aficionados are turning to technical indicators for clues as to where Bitcoin and Ether may go next.
Bitcoin, mired in a rough spell that's seen it lose near 20% since its record high earlier this month, has been trading below its 50-day moving average, which many see as a bearish development. Ether, on the other hand, on Wednesday managed to bounce off of its own such trendline.
The second-largest token sees good round-number technical support at $4,000, according to Mike McGlone, a commodities analyst at Bloomberg Intelligence. “It seems to be a battle with the leveraged longs from
Read more on ndtv.comAbout this in other media
Can analysts maintain ‘$100,000 in 2021’ prediction for Bitcoin, after weekend slump ambcrypto.com /2 years ago
Survey says crypto popular holiday gift for Americans — NFTs not so much cointelegraph.com /2 years ago
Crypto Market Sentiment Down for Third Week in a Row cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
