Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session. Solana was also in the red, trading nearly 15% lower today.
Bitcoin
Following Wednesday’s drop in prices, BTC/USD declined for the second consecutive session, trading 5.25% lower as of writing.
This selloff saw prices hit an intraday low of $36,375.54, following a high of $38,437.68 during Wednesday’s market session.
As a result, the move saw bitcoin prices move closer to support of $35,000, which is a point it hasn’t reached since January 27.
In addition to this, the 14-day RSI once again dropped lower, this time falling below the mid-level floor of 35, creeping deeper into oversold territory in the process.
The RSI currently tracks at 34, however if this week’s momentum continues to extend downward, we could see this indicator hit as low as 29.
Bulls may need to reassess short-term positions as there seems to be a re-emergence of the red wave.
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-ethereum-down-6-crypto-red-wave-returns/
