Bitcoin fell below the $26,000 level on Tuesday, as sentiment in the cryptocurrency market remained bearish. The latest drop comes despite price being oversold, following recent declines. As of writing, the global market cap is down 0.42%.
Bitcoin
Bitcoin dropped marginally below the $26,000 level during today’s session, as overall sentiment in the market remained bearish.
BTC/USD fell to an intraday low of $25,846.09 on Tuesday, following a high of $26,220.20 earlier in the day.
Price has since rebounded, with the world’s largest cryptocurrency currently trading at $26,088.64.
The decline came as the relative strength index (RSI) continued to hover close to a support point of 20.00.
At the time of writing, its exact reading is at 20.90, which is still deep in bear territory, with the next visible ceiling at 29.00.
Should bulls push price strength towards this point, BTC could end up near the $28,000 level.
Ethereum
Ethereum (ETH) continued to hover near a support point of its own
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-falls-briefly-below-26000-as-sentiment-remains-weak/
