Following a rise to a high beyond $41,700 earlier this week, bitcoin’s price has fallen for two consecutive sessions. Despite this, BTC continues to trade above $40,000, whilst ETH continues to hover above $2,800.
Bitcoin
BTC fell for its second consecutive session on Friday, as the world’s largest cryptocurrency has lost some momentum, following Wednesday’s Fed decision.
Yesterday saw bitcoin trade at a peak of $41,102.23, however as of writing, prices have fallen to an intraday low of $40,302.40.
This drop means that BTC/USD is 1.66% lower than Thursday’s high, and comes as prices have fallen back below long-term resistance.
The ceiling, which resides at $40,600, was broken earlier today and this enticed bears to sell even further, due to the historical action which took place there previously.
Looking at the chart, the engulfing bearish candles on March 4 and 10 act as a reminder how quickly gains can be lost, and this lead to some bulls liquidating their positions.
Despit
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-remains-above-40000-despite-recent-pullback/
