Bitcoin, Ethereum Technical Analysis: BTC Drops Below $28,000, ETH Under $1,800 – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC Drops Below $28,000, ETH Under $1,800 – Market Updates Bitcoin News
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BTC slips below $28,000, whilst ETH moves under $1,800 on Friday.

/USD slipped to an intraday low of $27,583.72 in today’s session, which comes a day after the price rose to a high of $28,683.53.

The decline came as traders were unable to sustain a breakout above the $28,500 level, following a nine-month high the day prior.Overall, it appears that earlier bulls moved to secure gains, as the 14-day relative strength index collided with a ceiling at 65.00. As of writing, the index is tracking at the 60.84 level, which is marginally above a lower floor at 59.00.

is now trading at $27,928.58, however there will likely be some movement following this afternoon’s data release.

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