Bitcoin fell to a six-day low to start the week, as the token moved closer to the $16,000 level. The drop sees prices fall for a fifth straight session, with overall sentiment in the cryptocurrency market turning bearish. Ethereum was once again trading below $1,200, after trading above this point in recent days.
терминалдарда
Bitcoin (BTC) fell for a fifth straight session on Monday, as the token moved closer to a breakout below $16,000.
BTC/USD slipped to an intraday low of $16,086.36 to start the week, which comes less than 24 hours after hitting a peak of $16,594.41.
As a result of today’s drop, bitcoin moved to its lowest point since last Tuesday, November 22, when price was at a low of $15,613.
Looking at the chart, Monday’s sell-off intensified once a breakout on the relative strength index (RSI) occurred.
The index, which is currently tracking at 36.89, moved below a recent support point of 38.00, and looks to be heading for a lower floor at 35.50.
Should price strength reach its perceived destination, This will likely lead to BTC 16,000 XNUMX доллардан төмөн түшкөн.
Ethereum
Кошумча BTC, ethereum (ETH) also moved lower to start the week, with prices once again moving under $1,200.
Following a high of $1,218.51 on Sunday, the world’s second largest cryptocurrency dropped to a low of $1,162.19 earlier today.
The decline pushed ETH/USD below a key support point of $1,180, and came as the RSI failed to break out of a long-term resistance level.
As can be seen from the chart, price strength was unable to fully move beyond a ceiling of 43.00, and is currently tracking at 40.62.
In addition to this, the 10-day (red) moving average has shifted direction, with momentum once again downward facing.
Overall, a target of $1,070 appeared to be a likely destination for bears, should momentum continue to decline.
Апта сайын бааларды талдоо жаңыртууларын почтаңызга жөнөтүү үчүн электрондук почтаңызды бул жерден каттаңыз:
Will ethereum start December above or below $1,200? Leave your thoughts in the comments below.
Image насыялар: Shutterstock, Pixabay, Wiki Commons
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Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-eth-start-week-lower-as-bearish-sentiment-returns-to-markets/