Ethereum was trading below $2,800 to start the weekend, as crypto bears extended recent market sentiment. Bitcoin was also under $40,000, as the global cryptocurrency market cap dropped by nearly 3% as of writing.
Bitcoin
For a fourth consecutive session, prices of the world’s largest cryptocurrency traded lower, as market pressure continued to keep bulls away.
Following a high of $40,827.13 on Friday, BTC/USD is down 1.3% as of writing, and is trading close to its lowest level since February 4. .
The move saw BTC hit an intraday low of $39,637.62, which has acted as an area of support in the past.
This drop in price comes as price strength has also firmly entered oversold territory, after breaking below the 44.20 floor of the 14-day RSI.
We are now tracking at 43.55 on this indicator, which is its lowest reading since February 3, where bitcoin was traded at a low of $36,200.
Despite the recent fall, there still seems to be the possibility of further declines, should downside mome
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-eth-remains-below-2800-to-start-weekend/
