Bitcoin Faces Risk of Further Losses

The news headline creates a short-term negative perception by indicating that Bitcoin carries a risk of further losses. Technical indicators show the RSI approaching overbought territory at 64.9, increasing the likelihood of a short-term correction. Although the MACD remains positive and the price is above the SMA20 and SMA50, supporting an uptrend, there are signs of weakening momentum. Despite a 3.77% increase in the last 24 hours, the negative sentiment generated by the news and the elevated RSI level could create selling pressure in the short term. Therefore, the short-term direction may be downward, though a strong decline is not expected.

GOOGL closed at $363.29, trading below its 20-day SMA ($367.30) and 50-day SMA ($372.94). The RSI is in weak territory at 40.09, and the MACD remains negative below the signal line. Negative news related to Bitcoin could reduce overall risk appetite for tech stocks. In the short term, technical weakness and adverse news flow may increase downward pressure.