Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29,000 on Wednesday – Market Updates Bitcoin News

Following a high of $30,470.30 on Tuesday,The low sent bitcoin to its lowest point since April 10, which is when price was last below $29,000.Overall, it appears that today’s sell-off took place as the 14-day relative strength index fell below a floor at 59.00.

At the time of writing, the index is tracking at 54.97, with the next visible point of support at the 55.00 mark.Ethereum

In my opinion, he will continue to rise

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Well, that was a bit unexpected. I hope next week it will come back to $30k.

Nice one, I also listen to ChiefraFba for signals and analysis!

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