Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 Again as Crypto Consolidation Extends – Market Updates Bitcoin News

Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 Again as Crypto Consolidation Extends

Bitcoin prices dropped during the hump-day session, as bulls were unable to maintain Tuesday’s gains. The world’s largest cryptocurrency once again fell below the $30,000 level, whilstFollowing a slight rally in price during Tuesday’s session, bearish sentiment returned to markets on Wednesday./USD drop to a bottom of $29,570.30, less than 24 hours after trading at a peak of $30,694.49.

Wednesday’s low sees a continuation of price consolidation, as traders continued to navigate through the current volatility within markets.As a result of today’s move, bitcoin is now moving closer to a support level of $28,800, with the 14-day RSI remaining deep in oversold territory. Looking at the chart, this indicator is currently tracking at 33.87, which is marginally below a ceiling of 35.

As discussed on Tuesday, it is unlikely that we will see an end to consolidation unless this level is firmly broken.

Woah, sound the fuckin alarms. Mega move!

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Eth shitcoin will dump more than expected

I think that will change soon too

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really this devil demon is btc so the game of the devil whales are all greedy for your world of wealth bro, you will not die no matter how rich you are.

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Big pump coming to LUNA and UST

Values are still rising.

ETH 1,998 🫣

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