Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

FxWirePro: BTC/GBP hovers around 50-DMA, close below targets 830

BTC/GBP moved further south on Friday and has broken below the 900 mark. It is currently trading at 897 levels at the time of writing (Coinfloor).

Ichimoku analysis of daily chart:

Tenkan Sen: 947.50

Kijun Sen: 947.50

Momentum studies have turned bearish: RSI (14) is at 42, bias lower and the MACD line is below the signal line.

On the upside, resistance is seen at 936 (January 04 high) and a break above would see it testing 991 (20-DMA)/1038 (March 14 high).

On the flipside, the pair is currently hovering near 888 levels (50-DMA) and a close below would drag it to 832.61 (90-EMA)/795.16 (61.8% retracement of 616 and 1085).

CoinDesk reported that the recent plunge comes as bitcoin continues to face technical challenges – the ongoing scaling debate has not been able to develop a consensus so far. Also, the call for a hard fork has been increasing.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2017-04-28 03:30:03
0m
Fintech Week Chicago

April 27 23:50 UTC Released

JPIP Forecast 2 Mth Ahead*

Actual

-3.7 %

Forecast

Previous

8.3 %

April 27 23:50 UTC Released

JPIP Forecast 1 Mth Ahead*

Actual

8.9 %

Forecast

Previous

-2 %

April 28 05:00 UTC 3939m

FRConstruction Orders YY*

Actual

Forecast

Previous

5.7 %

April 28 05:00 UTC 3939m

JPConstruction Orders YY*

Actual

Forecast

Previous

5.7 %

April 28 05:00 UTC 3939m

JPHousing Starts YY*

Actual

Forecast

-2.4 %

Previous

-2.6 %

April 28 05:30 UTC 6969m

FRConstruction Orders YY*

Actual

Forecast

0.4 %

Previous

0.40 %

April 28 05:30 UTC 6969m

DEGDP Preliminary QQ

Actual

Forecast

0.4 %

Previous

0.40 %

April 28 06:00 UTC 9999m

GBRetail Sales YY Real

Actual

Forecast

3.3 %

Previous

3.5 %

April 28 06:00 UTC 9999m

GBRetail Sales MM Real

Actual

Forecast

0.1 %

Previous

-0.3 %

April 28 06:00 UTC 9999m

DEGDP Preliminary QQ

Actual

Forecast

6.5 %

Previous

7.4 %

Fintech Week Chicago
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.