Sentences with phrase «bearish pressure on the price»
This could bring slight bearish pressure on the price as investors look towards stock markets for profits.
http://www.bitcoinprice.com/
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.
Not exact matches
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.
If bitcoin price fails to hold the USD 8,000 support, there could be further increase in bearish pressure on BTC and altcoins.