Bitcoin has broken below key moving averages, raising the chance of a strong downside move if a long overdue uptick in volatility fails to produce a trend reversal.
and is on track to end the month with a loss of more than 3%. The biggest question troubling traders is when will Bitcoin’s range break and in which direction.Typically, the longer the time spent inside the range, the greater the force needed for the breakout. Once the price escapes the range, the next trending move is likely to be strong. The only problem is that it is difficult to predict the direction of the breakout with certainty.
The up-move is likely to face strong selling at 4,650. If the price turns down from this level but rebounds off the 20-day exponential moving average , it will suggest that the uptrend remains intact.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BTC, ETH and XRP Price Analysis for July 31Which top coin is ready for a bounce back soon? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Lire la suite »
31 People Shared Their 'One In A Million' Stories Of Incredible Coincidences And Near-Death Experiences'I found a dropped phone, tried my birthday as the passcode, and it unlocked.'
Lire la suite »
One Piece Live-Action Star Teases Nami's Emotional Arc From Manga: 'I Have To Make It Right'One Piece live-action star Emily Rudd teases an emotional story arc for Nami from the manga series and the pressure she felt to make it right.
Lire la suite »
Madame Clairevoyant: Horoscopes for the Week of July 31On Tuesday, a full moon in idealistic Aquarius illuminates unseen possibilities.
Lire la suite »
Paramount Plus Schedule July 31-August 6: New TV & Movies Being AddedBill & Ted's Excellent Adventure, The Truman Show, and more are part of the Paramount Plus July 31-August 6 schedule.
Lire la suite »
Colonia Mt. Rushmore project: last days to vote for the Patriots’ best everVoting closes Monday, July 31
Lire la suite »