Bitcoin, Ethereum teknisk analyse: BTC forbliver nedenfor $24,000 Efter at være faldet for fjerde session i træk

Bitcoin fortsatte med at handle nedenfor $24,000 i dag, da tokenet faldt for en fjerde session i træk. Following last week’s bullish run, opadgående momentum i krypto er aftaget, fører til en tilbagevenden af ​​bearish sentiment. Ethereum var også lavere, as it dropped below its resistance of $1,885.

Bitcoin

Bitcoin (BTC) fell for a fourth consecutive session on Wednesday, as bearish sentiment returned to cryptocurrency markets.

The world’s largest crypto token slipped to an intraday low of $23,733.50 on hump day, less than a day after residing at a peak of $24,407.06.

This recent bearish pressure has come as BTC bulls vacated last week’s positions, as prices entered overbought territory.

Since the 14-day relative strength index (RSI) hit a high of 62.29 sidste uge, which was its strongest point since April, prices have gone on to record back-to-back declines.

Ser på diagrammet, the RSI is now tracking at 54.19, which is marginally higher than the closest support point at 53.66.

Overall, it looks like traders are trying to send BTC to this floor, and that point is where the next battle will take place between bulls and bears.

Ethereum

Hump-day has also seen ethereum (ETH) move lower for a fourth straight day, with today’s decline marginally lower than yesterday’s bottom.

Efter en lav af $1,862.74 på tirsdag, ETH/USD went on to hit a high of $1,951.68 later in the session, as bulls attempted a rally.

Imidlertid, a red wave once again swept markets, washing away those bulls, and as a result prices fell to a bottom of $1,862.74 i dag.

Like bitcoin, the decline comes as price strength significantly declined over the past few sessions, moving from a peak of 71.89, to a low of 61.92 i dag.

Should ETH hit this floor, there will likely be an increase in price uncertainty, as bulls attempt to buy the dip, and in turn prevent prices from falling below $1,800.

Despite the four-day losing streak, ethereum is still trading over 10% higher from the same point last week.

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Will we see bearish sentiment continue throughout the week? Efterlad dine tanker i kommentarerne nedenfor.

Elijah Dambell

Eliman bringer et eklektisk synspunkt til markedsanalyse, efter at have arbejdet som mæglerdirektør, detailhandel underviser, og markedskommentator i Crypto, Aktier og valuta.

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