Bitcoin, Ethereum Technical Analysis: BTC Slips to Its Lowest Point Since December 2020

Bitcoin, Ethereum Technical Analysis: BTC Slips to Its Lowest Point Since December 2020


Bitcoin fell below $30,000 for the second time this week, however today’s plunge saw prices fall to their lowest level since December 2020. BTC hit a low around $26,000 on Thursday, whilst ETH moved below $2,000 for the first time in over a year.

Bitcoin

Following a slight rally on Wednesday, BTC fell back into the red on Thursday, as crypto bears continued to run rampant on markets.

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BTC/USD slipped to an intraday low of $26,350.49 earlier today, less than 24 hours after trading at a peak of $31,868.30.

Today’s bottom is the lowest level bitcoin has hit since December 2020, as markets went on to climb above $30,000 for the first time.

This latest wave of crypto bears comes as LUNA dropped even further

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