Bitcoin, Ether Trade Lower After Breaching Technical Indicator

Bitcoin and ether retreated in Monday trading following a weekend breach of a popular technical indicator.

Since an asset’s price is expected to stay within two standard deviations of its average 98% of the time, a breach of its upper or lower bound is a noteworthy event. Whether prices will subsequently trend higher, or revert to the 20-day average price will be a key trend to watch in upcoming days Currently, the latter has begun to occur.

Significant declines in volume would imply that investors are waiting on the Fed decision, and subsequent comments from Fed Chair Jerome Powell, before taking a definitive stance.In an early sign of how the market is viewing BTC and ETH this week, correlations between the two largest crypto currencies and the U.S. Dollar Index are more negative.

GWilliamsJr_CMT Join the XircusWEB3 ICO: Among the most promising ICOs with a real business proposition and huge growth potential! Recommended! XircusWEB3 web3 BUIDL dApps nft

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market Witnesses Odd Relationship Between Bitcoin, Ether Volatility MetricsBitcoin is in the spotlight as cracks emerge in the traditional banking system, one observer said, explaining the negative spread between ether and bitcoin implied volatility metrics.
Source: CoinDesk - 🏆 291. / 63 Read more »

Asian shares lower, Bitcoin rallies after UBS acquires Credit SuisseAsian shares open slightly lower, Bitcoin rallies after Switzerland's UBS seals deal to acquire Credit Suisse
Source: BusinessInsider - 🏆 729. / 51 Read more »

Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen – Bitcoin NewsThe hacker was able to liquidate 56.28 bitcoin, worth approximately $1.5 million, from about 15 to 20 crypto ATM operators nationwide. Ok great, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! Could it be that the manufacturers intentionally made “back doors” for such activities and sell the hack codes to those hackers? 👀
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin mining report: March 20 Bitcoin mining stocks rose on Monday.Bitcoin mining stocks were mostly higher on Monday. Bitcoin mining stocks tracked by The Block were mixed on Monday.
Source: TheBlock__ - 🏆 464. / 53 Read more »