BTC, ETH Lower on Saturday, as Bears Reenter the Market – Market Updates Bitcoin News
BTC/USD – Pang-araw-araw na Tsart 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 50.00 mark, after failing to move past its ceiling of 55.00. Should this momentum continue to decline, we could see prices heading towards a floor of $18,600.ETH/USD – Pang-araw-araw na Tsart On that day, the token dropped to a bottom of $1,190, however following the release of the U.S. inflation report, prices somewhat rebounded. However, this rebound has been short lived, with the RSI also falling back towards a floor of 38.00. Should price strength decline beyond this point, we could potentially see ethereum once again fall below $1,200.