Following a strong start to the week, crypto markets are submerged under a red wave as we head into the weekend. Bitcoin and ethereum are both lower, giving up some of this week’s gains in the process.
Bitcoin
Bitcoin followed up Thursday’s volatile session with even more uncertainty today, as the world’s largest cryptocurrency was once again falling.
Following a rise to $45,101.17 yesterday, BTC/USD fell to an intraday low of $42,864.32 earlier in today’s session, as it appeared that bears were pushing prices towards support.
The selloff started after resistance of $44,750 was held during yesterday’s session, with bears piling in, in order to short bitcoin.
This comes as the 14-day Relative Strength Index (RSI) has flatlined, and is currently tracking at 60, which is still overbought.
Some believe with price strength uncertain, BTC/USD could go either way, depending on how momentum begins to mature.
As constructed, the short-term ten-day (red) moving average still looks to
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-volatility-continues-heading-into-weekend/
