BTC consolidates to start the weekend, following Friday's red wave.
Following yesterday’s low of $22,213.24,The move sees bitcoin move back above a long-term support point at $22,300, following Friday’s breakout.Additionally, the 14-day relative strength index has also appeared to have found a floor, which has helped ease the decline in price strength.
At the time of writing, the index is tracking at 42.89, which is marginally above the support point at 42.00 One area of concern for aspiring bulls is the imminent downward crossover of the 10-day and 25-day moving averages, which could be a signal to future declines.
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