ETH פאלס אונטער $ 2,000 ווי קריפּטאָ בעריש דרוק ינקריסיז - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

Following several sessions of consolidation, עטה has finally caved in, dropping below the $2,000 floor in the process. As we move towards the end of the week bitcoin also fell for a second consecutive session, with prices falling below $29,000.

ביטקאָין

Bitcoin dropped below the $29,000 level on Thursday, as bears continued to push prices lower this week.

As a result of a second consecutive session of selling, בטק/USD fell to an intraday low of $28,708.96 on Thursday.

This drop comes after prices were trading at a level of $30,016.18 on Wednesday. However they’ve fallen by over 3% as traders still look to find a stable support point.

Despite the 14-day Relative Strength Index (RSI) trading below 30, which is in oversold territory, many do not expect bulls to buy any dips, as some believe we could still be heading to further lows.

איר זוכט אין די טשאַרט, דער גראדן איז דערווייַל טראַקינג ביי 34.94, וואָס איז מאַרדזשאַנאַלי אונטער אַ סופיט פון 35.46.

We will likely not see any significant gains until either a breakout from the ceiling, or a move towards last week’s low of 25.

עטהערעום

After several days of consolidation, עטה plunged on Thursday, with prices falling below $2,000.

Despite an onslaught of bearish pressure this week, עטה/USD was mostly able to sustain this sentiment until today.

אין שרייבן, עטה fell to an intraday bottom of $1,907.02, which is roughly 5% lower than yesterday’s peak at $2,039.83.

Yesterday, we discussed that we could see the $1,950 floor hit, which has not only happened, but it has been broken.

However, as the day progressed prices moved back towards that level, which confirms its status as a support point.

אין שרייבן, עטה is trading at $1,952.28, with the 14-day RSI slightly below a ceiling of 35.

קען מיר זען עטה climb above $2,000 in the next few days? Leave your thoughts in the comments below.

אלימאן דאמבעל

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