Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session. Solana was also in the red, trading nearly 15% lower today.
Following Wednesday’s drop in prices, BTC/USD declined for the second consecutive session, trading 5.25% lower as of writing.
This selloff saw prices hit an intraday low of $36,375.54, following a high of $38,437.68 during Wednesday’s market session.
As a result, the move saw bitcoin prices move closer to support of $35,000, which is a point it hasn’t reached since January 27.
In addition to this, the 14-day RSI once again dropped lower, this time falling below the mid-level floor of 35, creeping deeper into oversold territory in the process.
The RSI currently tracks at 34, however if this week’s momentum continues to extend downward, we could see this indicator hit as low as 29.
Bulls may need to reassess short-term positions as there seems to be a re-emergence of the red wave.
Following a strong start to February, which saw ethereum move to an 11-day high this past Tuesday, prices have now moved back toward bear territory.
ETH/USD initially broke out of the resistance level of $2,600 to start the week, however after two consecutive days of selling, it is once again back to trading at that level.
Prices fell to an intraday low of $2,589.55 during today’s session, dropping by as much as 6% in the process, with the RSI now tracking at 38.
As of writing, ETH/USD appears to be using the current price point as support, with the RSI level of 37 also acting as a floor.
Will we see the selloff ease at these current levels? Leave your thoughts in the comments below.
Check live crypto rates here
Start trading today – See our list of exchanges
I have been browsing on-line greater than three hours lately, yet I by no means found any attention-grabbing article like yours. It is beautiful price sufficient for me. In my view, if all webmasters and bloggers made just right content material as you did, the web can be a lot more useful than ever before.
You need to take part in a contest for one of the best blogs on the web. I will recommend this web site!
olmesartan for sale diamox buy online brand diamox 250mg
olmesartan over the counter order divalproex 500mg sale cheap acetazolamide 250mg
tacrolimus us buy trandate 100mg sale urso online
After examine a couple of of the weblog posts in your web site now, and I truly like your way of blogging. I bookmarked it to my bookmark web site checklist and will probably be checking back soon. Pls take a look at my site as properly and let me know what you think.
you’ve gotten a fantastic weblog here! would you prefer to make some invite posts on my weblog?
Does your blog have a contact page? I’m having problems locating it but, I’d like to send you an e-mail. I’ve got some ideas for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it grow over time.
I am constantly looking online for tips that can help me. Thanks!
Hello.This article was really interesting, especially because I was searching for thoughts on this matter last Friday.
Hello, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you prevent it, any plugin or anything you can suggest? I get so much lately it’s driving me crazy so any assistance is very much appreciated.