“The BC bulls have stabilized prices but a downtrend remains in place on the daily bar chart,” Wyckoff said. trading Friday,” according to Kitco senior technical analyst Jim Wyckoff, who noted that “Prices have seen a decent rebound after hitting a six-month low Monday.”īitcoin futures 1-day chart. “September Bitcoin futures prices near steady in early U.S.
At the closing bell, the S&P, Dow, and Nasdaq all finished lower, down 1.23%, 0.83%, and 1.61%, respectively.ĭata provided by TradingView shows that Bitcoin’s ( BTC) price slid lower throughout trading on Friday, declining from a high of $26,730 in the early morning to a low of $26,215 in the afternoon before bulls managed to push it back above $26,400. Stocks sold off to close the business week as the United Auto Workers launched a strike against the Big 3 automakers for the first time since 2019 amid a rise in high-profile labor actions across the U.S. ( Kitco News) - It was a subdued end to the trading week for the crypto market with prices largely trading sideways as investors turn their sights towards next week’s Fed meeting, where the central bank is expected to hold interest rates at the current levels. Receive a comprehensive recap of the day's top stories directly to your inbox.
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