Stocks Overlook Bank Concerns as AMEX Soars: Market Movers for Friday
Market Performance: Wall Street showed resilience with slight gains in large-cap indices, as the S&P 500 rose 0.2%, while financial and bank stocks rebounded after a tough previous day.
Corporate Highlights: American Express saw a significant share increase of 6.2% due to strong earnings, while Oracle's ambitious growth targets for its AI cloud division led to a 6% drop in its stock.
Commodity and Crypto Trends: Gold prices fell 3% to $4,200 per ounce amid profit-taking, and Bitcoin continued its decline, dropping 1.6% to $106,000, marking its fourth consecutive loss.
Trade Relations: President Trump indicated that the U.S. would manage its trade relationship with China, suggesting that the previously threatened tariffs were "not sustainable."
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36049.129 | 48024.564 | 60319.149 | 72294.584 | 84589.169 | 96564.604 | 108859.189 |
| Fibonacci | 48024.564 | 57295.712 | 63023.437 | 72294.584 | 81565.732 | 87293.457 | 96564.604 |
About BTC
About the author









