Investors Taking Profits in Bitcoin, Ether — Market Talk
-
Investors appear to be taking profits in bitcoin and ether following any bouts of appreciation this month, IG analyst Chris Beauchamp says in a note. Given the weak performance of bitcoin and ether in recent months, this sell into strength move seems understandable, he says. However, a "weekly close back above the March/April 2025 lows could well see this reverse in a signal that momentum has shifted back in favor of the buyers." This week is busy with central bank decisions, corporate earnings and data but the longer term outlook for crypto is more dependent on developments in the Middle East conflict, he says. Bitcoin falls 0.4% to $77.966, LSEG data show. Ether drops 1.7% to $2,324. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260427002923:0/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Գրանցվել Մուտք