Bitcoin, Ethereum teknisk analys: BTC flyttar sig lägre eftersom priserna inte lyckas bryta sig ur nyckelmotståndsnivån

Bitcoin was trading lower in today’s session, after failing to break out of a key resistance level of $19,600. Bullish sentiment seemed to have returned to the market on Monday, however this momentum was short lived. Ethereum also fell in today’s session, but remained above its recent price ceiling.

Bitcoin

Bitcoin (BTC) moved lower on Tuesday, as bears returned to action following a failed breakout of a key resistance point.

BTC/USD slipped to an intraday low of $19,206.32 tidigare under dagens pass, moving away from Monday’s peak of $19,698.

Yesterday’s move saw the token briefly move past its ceiling of $19,600, i alla fall, after failing to maintain momentum, bulls vacated their positions.

As a result of today’s drop, the 14-day relative strength index (RSI) fell to a floor of 47.50, which is its weakest point since Saturday.

Currently the index has rejected a move below this mark, and is tracking at 48.54, as bulls try to regain some of the market sentiment.

i alla fall, should we see a move below the aforementioned floor, then we could see bitcoin once again move under the $19,000 nivå.

Ethereum

ETH/USD was also in the red on Tuesday, as traders appear to have consolidated their gains from yesterday’s session.

Following a move to a three-week high of $1,370 på måndag, ETH/USD fell to a bottom of $1,327.85 tidigare på dagen.

This earlier decline initially pushed the token below its resistance of $1,330, however as the day progressed, prices somewhat rebounded.

När jag skrev, ethereum is now trading at $1,348.29, which shows that current momentum still remains largely bullish.

An upwards crossover between the 10-day (red) and 25-day (blue) moving averages has now occurred as well, which could be the reason for the shift in sentiment.

Tittar på diagrammet, a ceiling of $1,385 still appears to be the target for traders in the coming days.

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Will we see ethereum continue to surge heading into November? Lämna dina tankar i kommentarerna nedan.

Elijah Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. För närvarande, he acts as a commentator across various asset classes, inklusive Crypto, Aktier och valuta.

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