- Barrons.com
Bitcoin Plunges. Here’s Why and How Far Prices Could Fall.
Bitcoin sells off alongside stocks amid wider market jitters. But now the technical backdrop for cryptos is even weaker.
- Barrons.com
Bitcoin Struggles. Cryptos Have Been Hit With a Wave of Profit-Taking.
Bitcoin is up almost 50% this year thanks to new ETFs. But as demand for the new funds wane, prices have languished.
- Barrons.com
Bitcoin Languishes. Brace for More Declines as ‘People Got a Little Too Excited.’
and other cryptocurrencies were little changed Friday, holding at the lower end of recent trading ranges as the technical market picture darkened and enthusiasm seemed to wane among traders following last week’s “halving” event. Bitcoin also is trading below its 50-day moving average of $67,360—a sign of weakness that has been accompanied by other technical market signs indicating that more declines could be coming. “Bitcoin under pressure,” said Alex Kuptsikevich, an analyst at broker FxPro.
