FxWirePro: BTC/GBP breaks below 1000, further bearishness on close below 20-DMA
BTC/GBP has broken below the 1000 mark and is trading around 997 levels at the time of writing (Coinfloor). Ichimoku analysis of daily chart: Tenkan Sen: 947.50 Kijun Sen: 947.50 On the upside, resistance is seen at 1038…
By Shampa Mani
Updated 1 min read
Image from the original EconoTimes article
BTC/GBP has broken below the 1000 mark and is trading around 997 levels at the time of writing (Coinfloor).
Ichimoku analysis of daily chart:
Tenkan Sen: 947.50
Kijun Sen: 947.50
On the upside, resistance is seen at 1038 (March 14 high) and a break above would see it testing 1062 (March 03 high)/1085 (March 10 high).
On the flipside, the pair has broken below 5-DMA and holding just above 991.55 (20-DMA). A decisive break below this level would confirm minor bearishness and target 956 (23.6% retracement of 616 and 1062)/905 (38.2% retracement of 616 and 1085).
Market pricing gave Solana (SOL) a 1% chance of reaching $190 by Oct. 31; September tokenized-stock trading on Solana topped $4.4 billion, a monthly record.
