Articles for tag: bearish pressure, Bitcoin, Cryptocurrency, market trends, price action, support levels, Traders

Market News

Bitcoin Price Dips Below Key Moving Average: Is a Deeper Pullback Ahead? Key Insights on Market Trends

Bitcoin’s price has recently dropped below a critical moving average, raising concerns among traders about its future. This decline leads to speculation on whether this is just a temporary setback or the start of a more significant downtrend. As Bitcoin’s bearish momentum increases, close attention is needed on support levels, particularly around $100,000, as breaking ...

Market News

Bitcoin Holds Firm at $100K Ahead of FOMC Meeting: What Investors Need to Know

Bitcoin is currently trading above the $100,000 mark as investors prepare for the upcoming Federal Open Market Committee (FOMC) meeting. After a brief drop of 3% on Tuesday, the cryptocurrency showed signs of recovery, reflecting cautious optimism. The Federal Reserve is expected to maintain interest rates between 4.25% and 4.5%, with Market analysts seeing a ...

Market News

The Nifty Index shows signs of bearishness and potential pullback after a strong rally, urging traders to book profits and wait.

The Nifty Index shows signs of bearishness and potential pullback after a strong rally, urging traders to book profits and wait.

The Nifty Index is showing signs of a potential shift, forming its first red candle on the daily charts, indicating bearishness and profit booking after a strong rally. Traders are advised to secure profits at current levels and consider re-entering long positions when the index pulls back to support levels at 25,920, 25,700, and 25,350. ...

Market News

Demolishing Dreams: Gujarat’s Religious Site Cleanup Sparks Outcry Over Small Traders’ Survival Amid Ambitious ‘Development’ Plans

Gujarat’s Banaskantha MP Geniben Thakor has voiced concerns about the ongoing demolition drive near the Somnath temple, which is part of a project to clear illegal structures in the area. While she supports removing encroachments at holy sites, Thakor emphasized the need to address the impact on small traders who depend on their businesses for ...

Market News

Nifty Energy Index faces resistance at 44,325; traders advised to book profits, while Pharma Index suggests a cautious sell strategy.

Nifty Energy Index faces resistance at 44,325; traders advised to book profits, while Pharma Index suggests a cautious sell strategy.

The Nifty Energy Index is currently experiencing a bullish trend but has hit a crucial resistance level at 44,325. Traders are advised to book profits and reduce long positions as profit booking is anticipated with any rise from this point. Support levels to watch are at 43,800, 43,600, and 43,200, making it ideal to wait ...

Market News

Pakistan’s Tax Battle: Finance Minister Urges Traders Amid Protests

Pakistan’s Tax Battle: Finance Minister Urges Traders Amid Protests

Pakistan’s Finance Minister Muhammad Aurangzeb recently urged traders to comply with tax regulations to help strengthen the country’s struggling economy. During a press conference in Islamabad, he highlighted that while the government’s tax revenue rose by 29 percent last year, the tax-to-GDP ratio remains low at 8.8 percent, far from the sustainable target of 15 ...

Market News

Bitcoin price rises while traders anticipate U.S. inflation numbers

Bitcoin is on the rise once again as traders eagerly anticipate the release of U.S. inflation data. The leading cryptocurrency, BTC-USD, is experiencing a steady increase in value as Market analysts keep a close eye on the upcoming economic report. Stay tuned for more updates on Bitcoin’s price movements and its impact on the digital ...

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