BTC slips below $20,000, as USD climbs to 20-year high versus Euro.
Looking at the chart, this support level appears to be at the $18,845 level, which could be hit, should relative strength continue to subside.
Today’s decline in price pushed the RSI below its own floor at 37.40, and it looks to be heading for a lower point at 31.trading in the region of $18,000, but it could possibly fall below this point.also extended a recent losing streak, with prices today falling to their lowest point in over a week./USD fell to a low of $1,056.05 on Tuesday, which is its weakest level since July 4, during the U.S. Independence Day celebrations.
This latest decline has seen ethereum now lose over $100 in value over the past 24-hours, sending prices near a long-term support level in the process.As seen on the chart, the floor at $1,050 has been in place over the past month, and is one of the last remaining defenses preventing prices from falling below $1,000.chart slip below a support point, which could indicate upcoming downwards pressure.
Price strength now sits at a new floor of 35.85, which is already oversold. However, should this floor give way, we may see prices fall further.
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