Bitcoin, Protocole de prêt décentralisé Adalend Listing On: BTC ci-dessous $20,000 alors que les marchés réagissent à la force croissante du dollar

BTC fell below $20,000 mardi, as volatility in financial markets continued to peak, due to current levels of inflation. The euro fell to its lowest level against the U.S. dollar in over twenty years, and this dollar strength seems to be impacting crypto prices. ETH also slipped, falling below $1,100.

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Bitcoin

Bitcoin dropped below $20,000 during Tuesday’s trading session, as markets responded to recent bearish pressure.

The world’s largest crypto token fell to a low of $19,613.95 earlier today, which is roughly $1,000 lower than yesterday’s peak at $20,664.82.

This most recent drop sees BTC/USD trading lower for a fourth straight session, as traders look to be targeting a key price floor.

Bitcoin, Ethereum Technical Analysis: BTC Below $20,000 as Markets React to Increasing Dollar Strength
BTC/USD – Graphique journalier

En regardant le graphique, this support level appears to be at the $18,845 level, which could be hit, should relative strength continue to subside.

Today’s decline in price pushed the RSI below its own floor at 37.40, and it looks to be heading for a lower point at 31.

Should this come to fruition, not only could we see BTC trading in the region of $18,000, but it could possibly fall below this point.

Ethereum

ETH also extended a recent losing streak, with prices today falling to their lowest point in over a week.

Au moment de l'écriture, ETH/USD fell to a low of $1,056.05 mardi, which is its weakest level since July 4, during the U.S. Independence Day celebrations.

This latest decline has seen ethereum now lose over $100 in value over the past 24-hours, sending prices near a long-term support level in the process.

Bitcoin, Ethereum Technical Analysis: BTC Below $20,000 as Markets React to Increasing Dollar Strength
ETH/USD – Graphique journalier

As seen on the chart, the floor at $1,050 has been in place over the past month, and is one of the last remaining defenses preventing prices from falling below $1,000.

Similar to bitcoin, we have now seen the RSI on the ETH chart slip below a support point, which could indicate upcoming downwards pressure.

Price strength now sits at a new floor of 35.85, which is already oversold. toutefois, should this floor give way, we may see prices fall further.

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Volonté BTC go below $19,000, et ETH below $1,000 cette semaine? Laissez vos réflexions dans les commentaires ci-dessous.

Elie Dambell

Eliman apporte un point de vue éclectique à l'analyse de marché, avoir travaillé comme directeur de courtage, formateur en commerce de détail, et commentateur de marché dans Crypto, Actions et devises.




Crédits image: Shutterstock, Pixabay, Wiki Commons

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