ETH was trading lower for a third straight session on Friday, as prices neared an 11-month low. This comes whilst the overall cryptocurrency market cap was down almost 1% as of writing. Bitcoin was slightly higher despite today’s increased volatility.
Bitcoin
Bitcoin marginally rose during today’s session, with prices consolidating in the aftermath of Thursday’s decline.
Yesterday saw BTC/USD drop to an intraday bottom of $28,261.91, which was a two-week low, however prices have somewhat rebounded today.
So far on Friday, bitcoin has moved above its floor of $28,800, hitting a peak of $29,696.16 in the process.
This gain sees prices up by almost 1%, however price uncertainty still remains, due to its current proximity to the support level.
Relative strength has also marginally risen, and now sits at 38.45, which is a stone’s throw away from a ceiling of its own at 39.80.
Should BTC make a run for $30,000 this weekend, bulls will need to band together and push past this resis
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-eth-selloff-intensifies-heading-into-the-weekend/
