Bitcoin is flashing some warning signs today as it turns lower following a pop yesterday. The gains from a day ago are now completely erased and more, highlighting a potential outside day reversal.
The bulls quickly took profits after a failure to break the May or June highs and it's starting to look like a series of lower highs are forming on the chart. There are also some higher lows this month so it's not decidedly bearish but some caution is warranted.
The larger risk trade is also slipping today on fears of the US getting involved in the Iran-Israel war.
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Bitcoin threatens an outside day after a 4% drop )
Also on site :
- ‘Like the world has forgotten us:’ As Iran-Israel conflict escalates, Gazans fear their suffering will become invisible
- Uno de los médicos acusados de suministrar ketamina a Matthew Perry acepta declararse culpable, según muestra el documento
- This Common Over-the-Counter Medication May Harm Brain Health, Doctors Say—Do You Take It?