Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend – Market Updates Bitcoin News
— Drops, Weekend, Bears, Market, Technical, Start, Analysis, Low, Point, Floor, Bitcoin, Eth, Crypto, Prices, Ethereum, Updates, Btc — 1 min read
BTC/USD hit an intraday peak of $29,335.03 on Friday, but dropped to $28,326.61 on Saturday. ETH/USD now drops to $1,721.26, which is its weakest point since May 12. ETH is now down close to 10% in the last seven days, with some expecting a rebound in the next few weeks. The 14-day RSI is currently tracking at a floor of 35, and could see more downward declines until bulls decide to really recapture the market sentiment. Bitcoin is down over 1% in seven days with markets consolidating during that period, with many now believe that after bearish stints in April and May, we might have seen the worst of the selling in Source