Following a strong start to the week, BTC continues to fall heading into the weekend.
So far into Friday’s session,was once again lower, as it continued to trade under this level, and has hit an intraday low of $29,732.91 in the process.
This low comes as prices continue to trade below this week’s resistance level of $30,500, and have instead moved closer to support at $29,500.Despite these recent declines, bitcoin is still nearly 1% higher than at the same point last week, when prices were trading under $29,000. In addition to this, the 14-day RSI has still yet to break its floor of 45, meaning that bulls are still hovering around waiting for an ideal time to re-enter the market.
The 10-day moving average is now also downward facing, with a potential for a downward cross, however should a bullish wave begin, we might see sentiment change.was once again trading below $1,800 on Friday, as prices fell for a fourth consecutive session. Although these declines have been marginal, this bearish momentum has meant that ethereum has struggled to move beyond $1,800 this week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: ETH, BTC Slightly Lower Ahead of Friday’s US Inflation Report – Market Updates Bitcoin NewsBTC was fighting to stay above $30,000 on Thursday, as markets prepare for the release of U.S. inflation data on Friday.
Read more »
Crypto Bear Market Bottom Might Be Close, Eccentric Indicator SaysSeasoned blockchain analyst shared eccentric chart that shows correlation between Bitcoin (BTC) price and search trends
Read more »
$30K BTC price has 'severe impact' on Bitcoin miner profits — analysisBitcoin miners may need higher BTC prices sooner rather than later, new data suggests.
Read more »
Over $1.5 Billion Worth Of Bitcoin Leaves Exchanges As Accumulation Wars Intensify⬆ +10 Over $1.5 Billion Worth Of Bitcoin Leaves Exchanges As Accumulation Wars Intensify $BTC bitcoin XBT
Read more »
Bitcoin's real energy use questioned as Ethereum founder criticizes BTCSo how much energy does Bitcoin really use? The debate continues as founding member of Ethereum Anthony Donofrio says that Bitcoin is using “way too much” energy in response to a claim that it uses nearly 1% of the world’s electricity.
Read more »
Ethereum Predictions for Summer 2022 | CoinMarketCapWill Ethereum finally set its sights on flipping Bitcoin? Or will it fall into a brutal bear market?📉 Let's find out! 👇 CMCAlexandria Author: TheCoinPope1 Editor: YousraAASheikh
Read more »