Bitcoin Price Chart May Signal End to Selloff, If History Is Any Guide – Bloomberg

Bloomberg Markets Americas. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens.
Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
Using the pressure of the sun’s rays to propel spacecraft, solar sails will allow future unmanned missions to be longer and cheaper while reaching the outer solar system—and possibly beyond.
Mark Mobius Says He’s Encouraged by South Africa’s Graft Fight
South Africa Identifies First Case of Lassa Fever Since 2007
NSA Says ‘No Backdoor’ for Spies in New US Encryption Scheme
Short Seller Founder Trolls Elon Musk Over Pausing Twitter Deal
Elon Musk Sows Doubt Over His $44 Billion Twitter Takeover
South Africa Must Cut Red Tape to Close Energy Gap, ANC Suggests
Trump’s Lawyer Leads Counterattack From Her 5-Attorney Firm
The Rags-to-Riches Journey of Italy’s Ray-Ban Billionaire
Russian Tycoon’s Yacht Goes Dark on Way to Bahamas
The Jaguar E-Type Has a History as Rich as the Car Is Beautiful
Film Review: ‘Firestarter’ Remake Fails to Ignite
Saving the Planet Is More Important Than Saving Some Birds
Republicans Can Extend Their Midterm Inflation Advantage
How Not to Respond to a Global Food Crisis
Venture Capitalists Are Aiming to Disrupt Fish Farming
CEOs Feel the GOP Squeeze for Weighing In on Social Issues
How Gillette Embraced the Beard to Win Over Scruffy Millennials
Wyndham to Investigate as Qatari Hotel Says Gay Guests Banned
UK Government Pushes Back Against Ethnicity Pay Gap Reporting
‘People Who Look Like Me’: Black Bankers Fight to Change Finance
UN Humanitarian Official Urges Attention to Drought in Kenya
Electric-Vehicle Startups Run Low on Cash After SPAC Deals
A Vision to Build a City of Refugees in Ukraine
New York City Plans to Screen Every Student for Dyslexia for the First Time
The Japanese Home Design That Strikes a Work-Life Balance
Bitcoin Price Chart May Signal End to Selloff, If History Is Any Guide
Crypto’s $270 Billion Meltdown Gives Way to an Uneasy Calm
Coinbase Melts Down Even as Wall Street Is Bullish on Prospects

Bitcoin’s latest plunge saw prices briefly break below $25,000, but an intraday recovery on Thursday saw the token close in the green. That rebound generated a so-called “doji” candlestick with a long lower tail, which technical analysts can read as a selling climax. Over the last 12 months, the appearance of a doji during a period of declining prices has almost always been followed by a relief rally. If the bounce extends in the current case, resistance between $33,000-$34,500 could come into play. 
Sign up for our new Crypto newsletter and follow @crypto Twitter for the latest news.

source