Bitcoin, Ethereum teknisk analys: BTC Consolidates på tisdag, Efter 8-månaders hög

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Bitcoin retreated from earlier highs during Tuesday’s session, as sentiment shifted following a move to a multi-month high. Prices surged to their highest point since last August earlier in the day, prior to a red wave sweeping through the market. Ethereum has also dropped, falling below $1,700.

Innehåll

Bitcoin

Bitcoin (BTC) fell from earlier highs on Tuesday, as momentum in cryptocurrency markets rapidly changed as the day has progressed.

Efter en hög av $25,126.85 tidigare under dagens pass, BTC/USD has since gone on to fall to a low of $24,642.57.

Tuesday’s earlier high sent the world’s largest cryptocurrency to its strongest point since June 13.

Övergripande, prices slipped as bulls were unable to force a breakout of a resistance level at the $25,200 märke.

Dessutom, the relative strength index (RSI) also failed to move beyond its own ceiling at 66.00.

När jag skrev, indexet följer kl 63.29, which is marginally above a support zone at 61.00.

Ethereum

Ethereum (ETH) also moved lower in today’s session, as bears pushed prices below the $1,700 nivå.

ETH/USD plunged to an intraday low of $1,671.98 på tisdag, mindre än 24 hours after trading at a peak of $1,714.29.

Today’s drop sees ethereum move below its long-term support point at the $1,675 märke, which has been mainly stable for the past week.

Like with BTC, the decline in prices comes as the 14-day RSI retreated from a recent ceiling at 61.00.

När jag skrev, the index is now tracking at a reading of 57.28, and appears to be rapidly nearing a floor of 57.00.

Should bears hit this bottom, ETH will likely be trading below $1,650.

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Elijah Dambell

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. För närvarande, he acts as a commentator across various asset classes, inklusive Crypto, Aktier och valuta, samtidigt som en startup-grundare.




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