Bitcoin and Ethereum entered the weekend with mixed results. While Bitcoin experienced a slight dip after a failed breakout, Ethereum struggled to maintain its recent gains. Here are the key points:
- Bitcoin dropped to an intraday low of $30,094.87, but has since marginally increased to $30,240.85.
- A failed breakout of the RSI ceiling at 58.00 led to the drop, and price strength is now at 57.63.
- If BTC reaches a support point at 55.00, it is likely to move below $30,000.
- Ethereum failed to trade above $1,900, with a drop to $1,854.92.
- Price strength is currently at 47.00, but stable support has prevented further decline.
In conclusion, Bitcoin is at risk of falling below $30,000, while Ethereum faces resistance at $1,900. Keep an eye on these levels as they may dictate future price movements.
Hot Take: Bitcoin and Ethereum face crucial tests in the coming days. The market’s response to these levels will provide valuable insights into their short-term direction.
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