Bitcoin, Ethereum Technical Analysis: BTC Moves Lower as Prices Fail to Break Out of Key Resistance Level – Market Updates Bitcoin News

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BTC declines, following failed breakout of $19,600 resistance.

/USD slipped to an intraday low of $19,206.32 earlier in today’s session, moving away from Monday’s peak of $19,698.

Currently the index has rejected a move below this mark, and is tracking at 48.54, as bulls try to regain some of the market sentiment. This earlier decline initially pushed the token below its resistance of $1,330, however as the day progressed, prices somewhat rebounded.As of writing, ethereum is now trading at $1,348.29, which shows that current momentum still remains largely bullish.

 

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