Bitcoin, Ethereum teknisk analys: BTC kvarstår nedan $24,000 Efter att ha fallit för fjärde sessionen i rad

Bitcoin fortsatte att handla under $24,000 i dag, som token föll för en fjärde session i rad. Following last week’s bullish run, uppåtgående fart i krypto har lättat, leder till en återgång av baisseartade känslor. Ethereum var också lägre, 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 förra veckan, which was its strongest point since April, prices have gone on to record back-to-back declines.

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

Övergripande, 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 låg av $1,862.74 på tisdag, ETH/USD went on to hit a high of $1,951.68 later in the session, as bulls attempted a rally.

i alla fall, 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, till ett lågt av 61.92 i dag.

Skall 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? Lämna dina tankar i kommentarerna nedan.

Elijah Dambell

Eliman tar med en eklektisk synvinkel till marknadsanalys, efter att ha arbetat som mäklardirektör, detaljhandelsutbildare, och marknadskommentator i Crypto, Aktier och valuta.

Bildkrediter: Shutterstock, Pixabay, Wiki Commons