Bitcoin, Ethereum Technical Analysis: BTC, ETH Drop as Key Resistance Levels Hold
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Loading... - Ernest Marfo
- 26 Aug 2022
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Bitcoin fell lower on Friday, as the token slipped below a key resistance level during today’s session. Following a mini rally in price this week, bitcoin bears returned to action, as volatility in the market increased. Ethereum was also lower, falling back below $1,700.
Bitcoin
Following a mini rally this week, bitcoin (BTC), was back in the red on Friday, as the token slipped below a key resistance point.
The world’s largest cryptocurrency fell to an intraday low of $21,171.79, which is nearly $600 lower than Thursday’s high at $21,744.87.
Today’s decline comes as market sentiment once again shifted to bearish territory, following a breakout attempt at the $21,600 price ceiling.
Although BTC/USD did marginally climb beyond that point, bulls opted not to maintain earlier positions, choosing to secure gains instead. Read More...
