בטק סליפּס אונטער $ 40,000 נאָך ווידער, נאָך קורץ אָפּבאַלעמענ זיך אויף דינסטאג

Following a brief rally on Tuesday, בטק once again dropped below the $40,000 level during today’s session. Wednesday’s selloff has seen prices fall by as much as 4%, whilst עטה also declined by the same amount.

ביטקאָין

The world’s largest cryptocurrency moved lower on Wednesday, following a brief rally during yesterday’s trading session.

נאָך אַ שפּיץ פון $40,330.46 אויף דינסטאג, בטק/USD slipped to an intraday bottom of $37,884.99 on hump-day.

This latest low sees בטק continue to trade near its $37,700 support level, and close to a recent one-month low.

בטק/ וסד - טעגלעך טשאַרט

Since today’s floor, prices have gone on to climb and bitcoin is currently hovering near the $38,910.00 level.

Looking at the chart, the 14-day RSI is also tracking above its own ceiling of 39.50, with the potential for it to move to a higher resistance of 43.

Should this happen, not only will we see the current floor continue to hold firm, but we may also be positioned for a run towards $41,000.

עטהערעום

עטה was also unable to sustain gains made during Tuesday’s session, as prices once again dropped below $3,000.

The world’s second-largest cryptocurrency hit a bottom of $2,786.25 earlier today, which comes less than 24 hours after it traded close to $3,046.

Today’s drop saw prices find support at the $2,780 level, which has historically been a soft landing spot for retreating bulls.

עטה/ וסד - טעגלעך טשאַרט

This proved to be the case yet again, as עטה/USD bounded from its earlier low, and is now trading at $2,862.25.

Looking at the chart, this is still roughly 3.98% lower than yesterday’s peak, and comes as RSI attempts to move away from a six-week low.

Glancing ahead, the $2,950 resistance seems to be the only real obstacle in the way of any further runs deep into the $3,000 region.

טאַגס אין דעם דערציילונג

Do you expect crypto consolidation to continue into May? Leave your thoughts in the comments below.

אלימאן דאמבעל

עלימאַן ברענגט אַ דיווערסאַפייד פונט פון מיינונג צו מאַרק אַנאַליסיס, ווייל געארבעט ווי אַ בראָוקערידזש דירעקטאָר, רעטאַיל טריידינג עדזשאַקייטער און מאַרק קאָמענטאַטאָר אין קריפּטאָ, סטאַקס און פקס.