Bitcoin remained under the $40,000 level on Sunday, as bears continued to pressure cryptocurrency markets. This pressure also kept ethereum lower, with the world’s second-largest crypto hovering around its long-term support level.
Bitcoin
Sunday saw the price of bitcoin (BTC) trade lower for a fifth consecutive session, as it was unable to shake off recent bearish pressure.
BTC/USD fell to an intraday low of $38,211.65 on Sunday, which was around $500 lower than its bottom to start the weekend.
Today’s move sees BTC fall to its lowest point since February 28, and is fast approaching its long-term floor of $37,600.
As a result of recent declines in price, mid-term momentum in the market has shifted, with the 25-day (blue) moving average crossing below the 10-day (red) MA.
This is the first time since December 27 that we have seen such a cross, with the 25-day crossing below the 10-day from an upwards position.
Such a shift in momentum could signal even more declines in price in upc
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-eth-prepares-for-rally-while-btc-seeks-support/
