Subscribe To
Bitcoin retreats for reset
Market picture
Bitcoin has lost 2% over the past 24 hours, pulling back to $20.77K, almost $1K below Wednesday's peak. The first cryptocurrency followed stock indices, which turned sharply lower on Fed officials’ continued hawkish rhetoric simultaneously with growing signals of weakness in consumer demand and business activity.
Technical analysis suggests that the latest pullback is a legitimate correction to the accumulated short-term overbought conditions after the rally since t... Read More
Posted: Jan 19 2023, 09:21
Author Name: forexlive
Views: 102069