Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower on Saturday, as Bears Reenter the Market
Bearish sentiment returned to cryptocurrency markets on Saturday, as bitcoin was once again in the red. The world’ ;s largest token moved lower to start the weekend, following yesterday’s surge towards $20,000. Ethereum was also down today, falling below $1,300 in the process. Bitcoin Bitcoin (BTC) was in the red to start the weekend, as bearish sentiment returned to cryptocurrency markets . BTC was higher on Friday, as market uncertainty eased, following the latest U.S. inflation report, however it seems as though this turbulence has returned this weekend. As a result, BTC/USD fell to an intraday low of $19,076.63 earlier in the day, less than a 24 hours after hitting a peak of $19,821.40. BTC/USD – Daily Chart Looking at the chart, the drop in price has pushed the 10-day (red) moving average (MA) close to an imminent downward crossover with its 25-day (blue) counterpart. In addition to this, the 14-day relative strength index (RSI) is now back below the 50....