Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan’s head of positioning intelligence, indicated that their Tactical Positioning Monitor might drop further, […]
Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 3-Month Low, as Bulls ‘Buy the Dip’
Bitcoin dropped below the $ 25,000 mark late on Monday, as bearish sentiment intensified to start the week. The cryptocurrency has since rebounded, and as of writing is hovering marginally above the $ 26,000 level. Ethereum also declined, hitting its lowest level since March. Bitcoin Bitcoin fell to a three-month low towards …