Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls – Market Updates Bitcoin News

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BTC below $28,000, as markets continue to react to latest nonfarm payrolls report.

Following a high of $1,934.00 on Sunday,Similar to bitcoin, today’s decline saw the world’s second largest cryptocurrency fall for its third consecutive day.From the chart, it appears that ethereum bears are now attempting to take the RSI to its own point of support at 45.00.

Currently, the index is at the 47.02 level, having recently moved below a higher support point at 49.00.will be trading under $1,800.Tags in this story

 

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