Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,500 — Market Momentum Remains Bullish
Ethereum dropped below $1,500 on Friday, as crypto currency markets fell following earlier gains in the week. Bitcoin was also in the red in today’ ;s session, as the token moved closer to a breakout below $20,000. Overall, the global crypto market cap is down 1.90% as of writing. Bitcoin Bitcoin (BTC) fell lower for a second consecutive day on Friday, as bullish sentiment continued to fade. Following a peak of $21,022 on Wednesday, BTC/USD dropped in back-to-back sessions, with today’ ;s decline sending the price to a low of $20,086.07. Today’s slip in bitcoin comes as USD continued to gain strength, following yesterday’s better-than-expected Q3 GDP figures, which came in at 2.6%. BTC/USD – Daily Chart In addition to a stronger dollar, momentum has somewhat shifted following a failed breakout of a key ceiling within the relative strength index (RSI). Since failing to move beyond the resistance of 66.00, the index has fallen significantly lower, ...