Bitcoin consolidated close to a key price floor of $26,300 on Thursday, as a downward death cross sent the cryptocurrency lower. Overall sentiment in the market remains lower, with the global cryptocurrency market cap falling by 1.58% as of writing. Ethereum also declined, after nearing a move above $1,900 on Wednesday.
Bitcoin
Bitcoin (BTC) consolidated during Thursday’s session, as market volatility remained high ahead of next week’s Federal Reserve interest rate decision.
BTC/USD slipped to a low of $26,146.99 earlier in the day, which comes less than 24 hours after trading at $26,897.25.
Today’s move saw the world’s largest cryptocurrency briefly break out of a key support point at $26,300.
Since this earlier fall, BTC bulls have moved to buy the dip in price, with the cryptocurrency now once again above this floor.
This comes as the relative strength index (RSI) pivots from a recent free fall, and is now en route to a ceiling at 47.00.
At the time of writing, the index is
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-consolidates-close-to-26300-support-level-market-volatility-remains-high/
