BTC អ fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, សាកលវិទ្យាល័យ ETH hit a two-month low as a result of the red wave.
Bitcoin
Bitcoin slipped to a ten-month low to start the trading week, as a red wave continued to sweep the cryptocurrency market.
Following five consecutive days of declines, BTC អ/USD បានធ្លាក់ចុះដល់កម្រិតទាបនៅថ្ងៃជួញដូរ $32,813.31 កាលពីថ្ងៃចន្ទ។
Today’s bottom is the lowest level prices have traded since July 23 last year, when prices went on to drop below $30,000.
Weakness in cryptocurrency markets has been present since the beginning of April, however following last Wednesday’s rate decision, a new chapter of the downturn seems to have commenced.
As a result of the last fall in price, the 14-day RSI is now tracking at a low of 29.50, which is its weakest point since January 26.
Should we see this level be broken, which has acted as a level of support in the past, then we could see relative strength fall to as low as 19, as on January 22.
Ethereum
សាកលវិទ្យាល័យ ETH slipped to its lowest level since late February during today’s session, which came following a five-day losing streak.
Today’s declines saw the world’s second-largest cryptocurrency drop to a bottom of $2,374.30, which is its lowest point since February 28.
ចលនាបានឃើញ សាកលវិទ្យាល័យ ETH/USD near a floor of $2,350, however, it appears as though bears have liquidated earlier gains, with prices now trading at $2,396.98.
As of writing, the 14-day Relative Strength Index is also tracking at a six-week low of 30.70, which is deep in oversold territory.
Although we have seen rebounds at this level, some still believe that there could be more declines ahead, with the $2,175 level a target area for bears.
សរុបមក, សាកលវិទ្យាល័យ ETH is trading 6.15% lower than yesterday’s high, with crypto markets down by 5.20% as of writing.
Will we see even more lows this coming week? Leave your thoughts in the comments below.
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ការមិនទទួលខុសត្រូវ៖ អត្ថបទនេះគឺសម្រាប់គោលបំណងព័ត៌មានប៉ុណ្ណោះ។ វាមិនមែនជាការផ្តល់ជូនដោយផ្ទាល់ឬការស្នើសុំពីការទិញឬលក់ឬការផ្តល់អនុសាសន៍ឬការយល់ព្រមលើផលិតផលសេវាកម្មឬក្រុមហ៊ុនណាមួយឡើយ។ Bitcoin.com មិនផ្តល់ដំបូន្មានការវិនិយោគពន្ធច្បាប់ឬគណនេយ្យ។ ទាំងក្រុមហ៊ុនឬអ្នកនិពន្ធមិនទទួលខុសត្រូវដោយផ្ទាល់ឬដោយប្រយោលចំពោះការខូចខាតឬការបាត់បង់ណាមួយដែលបណ្តាលមកពីការចោទប្រកាន់ឬបណ្តាលមកពីការប្រើប្រាស់ឬពឹងផ្អែកលើការប្រើប្រាស់ទំនិញឬសេវាកម្មណាមួយដែលបានលើកឡើងនៅក្នុងអត្ថបទនេះ។
Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-slips-to-10-month-low-below-33000/