Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000 to Start the Week – Market Updates Bitcoin News
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Bitcoin dropped below $21,000 on Monday, as prices continued to slip. The world’s largest crypto dropped to a low of $20,395.39, with ETH slipping below $1,200. The 14-day RSI indicator is tracking near its long-term support point at 41.10, following a recent failed breakout of a ceiling at 49.40. Price strength seems to be heading in the direction of bearish sentiment, with the 10-day moving average now crossing with its 25-day counterpart. The FOMC is expected to hold a 75% interest rate hike at the end of the week, with prices expected to consolidate ahead of this week's meeting with the central bank's decision to raise interest rates. Source