Bitcoin bears are losing momentum, opening the door to a price reversal, but historical data also shows BTC performing poorly in September.
seen in the corresponding month in 2022, according to CoinGlass data. The picture does not look very bright for September either. History shows that every year since 2017, Bitcoin has declined in September.on Bitcoin. While speaking to Kitco News, McGlone warned that in case of a “global economic reset,” Bitcoin could nosedive to as low as $10,000.
If the price once again turns down from the moving averages, it will suggest that bears are fiercely defending the level. The pair may then slide to the pivotal support at 4,325. If this level breaks down, the index will complete a bearish head and shoulders pattern. That could start a correction toward the pattern target of 4,043.The bulls propelled the U.S. dollar index above the downtrend line on Aug. 22, signaling that the correction may be over in the near term.
If bears want to make a comeback, they will have to quickly pull the price back below the downtrend line. If they do that, the index may slide to the 50-day simple moving average .The bulls and the bears are not taking large bets as Bitcoin continues to trade inside the range between $24,800 and $26,833.The downsloping moving averages and the RSI in the oversold zone indicate that bears are in command.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Cryptocurrencies Price Prediction: Solana, Ripple & Pepe — Asian Wrap 28 AugustSolana, one of Ethereum network’s competitors, witnessed a 50% increase in the total volume of assets locked (TVL) on its blockchain. Solana’s TVL cli
Weiterlesen »
28 Years Later Only Works If It Restores The 3 Most Important Parts Of Danny Boyle's 2002 Movie28 Years Later must include 3 elements to succeed.
Weiterlesen »
28 Days Later (2003) | ScreenRant28 Days Later is a horror movie about the zombie apocalypse directed by Danny Boyle. After Jim (Cillian Murphy) wakes up from a coma in a deserted hospital in London, he discovers that the city is overrun by the undead, so he joins forces with other survivors to try and make it out alive.
Weiterlesen »
Toronto Film Festival to Lose Lead Sponsor Bell After 28 YearsBell Canada is ending its long-standing sponsorship of the Toronto International Film Festival, Variety has confirmed. The telecommunications company, a lead sponsor since 1995, will not continue i…
Weiterlesen »
USC begins Caleb Williams' Heisman defense with 56-28 win over San Jose StateUSC had a little bit of an uneven start to the 2023 season. And then Caleb Williams made a Caleb Williams play, and the Trojans never looked back.
Weiterlesen »
USC begins Caleb Williams' Heisman defense with 56-28 win over San Jose StateUSC had a little bit of an uneven start to the 2023 season. And then Caleb Williams made a Caleb Williams play, and the Trojans never looked back.
Weiterlesen »