Цените на БТК и ЕТХ паѓаат во однос на УСД - ажурирања на пазарот Биткоин Вести

Cryptocurrency markets were trading lower for a second consecutive session, leaving bitcoin and ethereum both in the red. Overall, the crypto market cap was nearly 2% lower as of writing.

Bitcoin

Bitcoin bulls were nowhere to be found on Thursday, as bearish pressure continued to dominate recent market sentiment.

Following a high of $44,309.03 on Wednesday, BTC/USD fell below $43,000 during today’s session, and is down by over 3% as of writing.

The move saw BTC hit an intraday low of $42,685.75, sending prices closer to recent support at $41,765.

This drop in price comes as the Relative Strength Index (RSI) of 14-days fell below its floor of 56, and is currently tracking at 53.10.

In addition to the decline in price strength, the shorter term moving average of 10-days (red), is trending downward for the first time since January 30.

Despite BTC being down 3.33% in the last seven days, history shows us that the closer we get to support, bulls will likely be waiting to buy the dip.

Ethereum

Following a battle to remain over the $3,000 level on Wednesday, ETH struggled to stay above water during today’s session.

ETH/USD fell to an intraday low of $2,987 on Thursday, following a breakout of its long-term support at $3,022.

Although prices have since moved back above $3,000, this was a sign to bears that there could yet be further declines.

Many are looking at the $2,840 floor as the next price target, should the current bearish pressure persist

Looking at the RSI, price strength remains near the floor of 51, despite a marginal breakout, which could be a good sign to bulls anticipating a reversal.

How long will this bearish pressure last? Leave your thoughts in the comments below.

Елиман Дембел

Елиман носи разновидна гледна точка за анализа на пазарот, работејќи како директор на брокер, едукатор за трговија на мало и пазарен коментатор во Crypto, Stocks и FX.

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