In fact, there was a slight increase in
the bearish pressure on ETH / USD and it declined towards USD 840.
If bitcoin price fails to hold the USD 8,000 support, there could be further increase in
bearish pressure on BTC and altcoins.
In the broader scheme of things, Bitcoin price below critical support level created by 61.8 % Fibonacci retracement, which increases
the bearish pressure on the price.
This could bring slight
bearish pressure on the price as investors look towards stock markets for profits.
Not exact matches
As Bitcoin and the cryptocurrency market get
pressured by a
bearish sentiment based
on the technical pattern known as «death cross», investors are also aware of the mixed signals coming from big banks regarding the asset class — with great focus
on Bitcoin and Ripple.
As you can also see below, the Swissy was more vulnerable to risk sentiment since the euro traded roughly sideways
on Thursday but the safe - haven Swissy was feeling some
bearish pressure, very likely because of
As you can also see below, the Swissy was more vulnerable to risk sentiment since the euro traded roughly sideways
on Thursday but the safe - haven Swissy was feeling some
bearish pressure, very likely because of the returning risk -
on vibes at the time.
The action by the Fed last week combined with
bearish unemployment report is expected to keep
pressure on interest rates which is helping investors build confidence in the long side of the market again...
If you follow the markets daily you've probably seen statements like this actual example from a national newspaper: «U.S. stock index futures were under
pressure on Friday, weighed by
bearish concern over Spain's rising borrowing costs and Chinese economic data.»
Moving
on, the Kiwi also got hit with another wave of
bearish pressure after New Zealand released its
On Monday,
bearish pressure took Bitcoin price to as low as $ 6948, only to bring bulls back in the game.
Bitcoin price has formed a classic reversal pattern
on its 4 - hour time frame as
bearish pressure could kick back in.
If so,
bearish pressure could return once bitcoin price tests the broken trend line just slightly above the 61.8 % Fibonacci retracement
on the breakdown move.
Reports of unauthorized sells
on cryptocurrency exchange Binance and technical issues at cryptocurrency derivatives exchange BitMEX have also added to
bearish pressure around BTC.
Technically, given the downside
pressure hasn't taken its foot of the gas,
bearish targets are locked
on to $ 7,000, where the long standing ascending trend line is tracking.
RSI is also
on the move down to show the presence of
bearish pressure.
On the downside, the short - term support zone at $ 203 appears like it could give in to the
bearish pressure in the market.