Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain in the Red, to Start the Weekend – Market Updates Bitcoin News

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ETH BTC set for worst month since January, as traders hopeful for price reversal in May.

The current uncertainty surrounding next week’s Federal Reserve meeting has seen prices consolidate for most of the week, with Saturday being no different.) was once again in the red during today’s session, as prices continued to trade below the key $40,000 level.

The world’s largest cryptocurrency dropped to a low of $38,235.54 to start the weekend, following a peak of $39,263.60 on Friday. Saturday’s fall has seen the price continue to slowly approach the long-term support level of $37,570, which is a point that hasn’t been reached since March 13.

 

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Though May is historically a bearish month not just for bitcoin & crypto Lets see what happens

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BTC RSI has been indicating strength while price has been on a decline.This indication maybe foreseeing underlying strength within Bitcoin,& it may only be a matter of time for price reflects in a MAJOR way I've been taking Sz_09y TA seriously&I've been superb $BTC

Our analytical team has done a detailed analysis regarding BTC, and its Fear and Greed Index is 38 - FEAR at the moment with price of 38605.835492610441 usd, so what do you think about the current Bitcoin state?

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