Bitcoin, Ether Slump as Pelosi’s Taiwan Trip Weakens Risk Sentiment

Bitcoin, Ether Slump as Pelosi's Taiwan Trip Weakens Risk Sentiment

“Our short-term [bitcoin] indicators are mixed, but a greater loss of short-term momentum would support a retest of support (~$18,300-$19,500), below which secondary support is near $13,900,” Katie Stockton, a chartered market technician and founder and managing partner of Fairlead Strategies, wrote in a weekly analysis published Monday. “Intermediate- and long-term momentum indicators are still pointing lower, increasing risk of another significant downdraft in the months ahead.”

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