Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH hovering slightly above $2,000.
Bitcoin
BTC started the week trading below $30,000 following a volatile weekend of trading, which saw prices mainly consolidate.
Following a rise to a peak of $31,308.19 during Sunday’s session, BTC/USD fell to an intraday low of $29,412.58 on Monday.
Today’s low has seen prices approach the long-term support level of $28,800, following a rebound from this point on Saturday.
Overall, price strength continues to hover in oversold territory, with the 14-day relative strength index (RSI) tracking at 32.44.
This is below a resistance level of 36.40, which was held on Sunday, leading to today’s selloff, as bears re-entered the market.
Should this momentum continue, we will likely see the price floor of $28,800 hit, with a chance of a potential breakout towar
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-below-30000-to-start-the-week/
