Bitcoin is flashing some warning signs today as it turns lower following a pop yesterday. The gains from a day ago are now completely erased and more, highlighting a potential outside day reversal.
The bulls quickly took profits after a failure to break the May or June highs and it's starting to look like a series of lower highs are forming on the chart. There are also some higher lows this month so it's not decidedly bearish but some caution is warranted.
The larger risk trade is also slipping today on fears of the US getting involved in the Iran-Israel war.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about bitcoin threatens an outside day after a 4 drop was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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