Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000 on Saturday
Bitcoin fell below $40,000 to start the weekend, as crypto markets continued to be submerged by the latest red wave. ETH was also lower on Saturday, and remained in the red for a second consecutive session. Bitcoin BTC dropped below the $40,000 level to start the weekend, following a three-day losing streak which has pushed price close to multi-week lows. Following a peak of $40,524.76 on Friday, the world’s largest cryptocurrency fell to a low of $39,315.42 earlier today. This move is less than 48 hours removed from BTC/USD trading above resistance of $42,500. However, following a....
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Bitcoin and ethereum were both higher to start the weekend, as markets seem to have discounted recent volatility. BTC momentarily passed the $40,000 level, with ETH moving towards $2,800. Bitcoin As of writing, cryptocurrency markets are up by over 3% on Saturday, with bitcoin trading close to 1% higher to start the weekend. This comes following a low of $38,416.53 yesterday, with BTC/USD hitting an intraday high of $40,005.35 earlier in today’s session. Saturday’s move sees BTC break beyond the key $40,000 level, however the move did not last, as profit takers likely closed....