Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day.
Bitcoin
The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices.
As of writing, BTC/USD is trading at $29,502.71, which is roughly 1% higher than yesterday’s low of $28,786.59.
Wednesday’s movement in bitcoin is ultimately a continuation of yesterday’s move, with prices now consolidating at its current range.
This range sees prices hovering at a floor of $28,800, with a resistance level of $30,500, which has not been truly broken since early May.
In addition to the price ceiling, relative strength is also tracking at a resistance point of its own, which is under 40.
Until we see a move past this point, then we will likely see a continuation of current price consolidation.
Ethereum
ETH moved to a lower low during to
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-crypto-bears-keep-btc-below-30000/
