Historically, both death and golden crosses imply either a negative or positive outlook for Bitcoin’s price.
Cryptocurrency prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets.
Bitcoin dropped 6.5% whilst other cryptos like Ethereum, Cardano, XRP and Solana fell further.
A fresh BTC price dip to $45,000 clashes with bullish forecasts across the board as Bitcoin traders lie in wait for an October rebirth.
Russia will be holding a major election of its State Duma — the lower house of that country’s legislative body, known as the Federal Assembly — on Friday, September 17 through Sunday, September 19th. The reason the voting will occur over a three-day span is to accommodate social distancing and limit crowd size as a result of the ongoing pandemic. The Russian Central Election Commission made that decision last July because the stakes of this upcoming election are so high.
Everything is bullish except the price on Friday as $200 million in options expire and attention focuses on corporate quarterly disclosures.
San Jose-based financial technology giant PayPal has announced that all of its eligible customers can now buy, sell and hold cryptocurrencies in the U.K.
Bitcoin bulls targeted closing the gap to $50,000 before this week came to an end. However, price action appears to have been limited to under $48,000.
It’s been a mixed morning for Bitcoin and the broader crypto market. A Bitcoin move back through to $48,500 levels would be needed to support a breakout afternoon
As a result, Ethereum, Ripple and other altcoins have followed suit.
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