Sentences with phrase «in bearish pressure»
However, stochastic is nearing overbought levels to indicate rally exhaustion and a return in bearish pressure soon.
dailybitcoinnews.com
If bitcoin price fails to hold the USD 8,000 support, there could be further increase in bearish pressure on BTC and altcoins.
In fact, there was a slight increase in the bearish pressure on ETH / USD and it declined towards USD 840.
The world's largest crypto asset was engulfed in bearish pressure over the weekend after the 50 - day moving average crept below the 200 - day MA.
A return in bearish pressure could take it back down to support around the Fib levels.
Therefore, bitcoin price must hold the mentioned significant support at USD 8,400 to avoid any further increase in the bearish pressure.
However, stochastic is heading down from the overbought region to signal the return in bearish pressure.
Stochastic is turning lower to signal a return in bearish pressure — possibly triggering another test of support at $ 4100.
Bitcoin saw an increase in the bearish pressure, which pushed the price below a crucial support at USD 11,000.