THELOGICALINDIAN - Bitcoin and ethereum saw contempo losses continued on Thursday as all-around cryptocurrency markets beneath during todays affair Solana was additionally in the red trading about 15 lower today
Bitcoin
Following Wednesday’s bead in prices, BTC/USD beneath for the additional after session, trading 5.25% lower as of writing.
This selloff saw prices hit an intraday low of $36,375.54, afterward a aerial of $38,437.68 during Wednesday’s bazaar session.
As a result, the move saw bitcoin prices move afterpiece to abutment of $35,000, which is a point it hasn’t accomplished back January 27.
In accession to this, the 14-day RSI already afresh alone lower, this time falling beneath the mid-level attic of 35, bit-by-bit added into oversold area in the process.
The RSI currently advance at 34, about if this week’s drive continues to extend downward, we could see this indicator hit as low as 29.
Bulls may charge to amend concise positions as there seems to be a re-emergence of the red wave.
Ethereum
Following a able alpha to February, which saw ethereum move to an 11-day aerial this accomplished Tuesday, prices accept now confused aback against buck territory.
ETH/USD initially bankrupt out of the attrition akin of $2,600 to alpha the week, about afterwards two after canicule of selling, it is already afresh aback to trading at that level.
Prices fell to an intraday low of $2,589.55 during today’s session, bottomward by as abundant as 6% in the process, with the RSI now tracking at 38.
As of writing, ETH/USD appears to be application the accepted amount point as support, with the RSI akin of 37 additionally acting as a floor.
Will we see the selloff affluence at these accepted levels? Leave your thoughts in the comments below.
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