Bitcoin, Ethereum Technical Analysis: ETH Down, as Two-Day Winning Streak Ends on Hump Day

Bitcoin, Ethereum Technical Analysis: ETH Down, as Two-Day Winning Streak Ends on Hump Day


Bitcoin hit a hurdle on hump day, as the world’s largest crypto token moved lower, following strong gains to start the week. ETH also slipped during today’s session, with prices moving back towards the $1,000 mark.

Bitcoin

Following two straight days of gains, BTC was lower on hump day, as bears seemingly re-entered the marketplace.

Trending: Massive Recall Announced, Normal Home Item Has Been Spontaneously Bursting Into Flames

BTC/USD is down by nearly 3% as of writing, after hitting an intraday low of $20,045.63 earlier in today’s session.

This move comes after prices failed to sustain a breakout of yesterday’s resistance level at the $21,000 mark.

Typically after such a false breakout, this acts as a signal to bears to retake momentum, however there seems to be a level of uncertainty still in this.

After previous lows

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend