Bitcoin, Ethereum Technical Analysis: BTC Below $20,000, ETH Slips Under $1,000

Bitcoin, Ethereum Technical Analysis: BTC Below $20,000, ETH Slips Under $1,000


Bitcoin fell below $20,000 on Saturday, as the sell-off in cryptocurrency markets continued to start the weekend. ETH was also trading below a key level, as prices fell below $1,000 for the first time in over 18 months.

Bitcoin

Bitcoin fell below $20,000 on Saturday, as bearish momentum extended entering the weekend.

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Despite the best effort of bulls to hold the line, the recent price support of $20,200 finally gave way earlier today.

As a result of this, BTC/USD fell to an intraday low of $18,905.98 earlier in today’s session, which is the lowest level BTC has traded since December 2020.

Overall, BTC has fallen by nearly $13,000 since the beginning of the month, with the price now down 30% in the last seven

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