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Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Week Low, as Silvergate Uncertainty Spooks Markets – Market Updates Bitcoin News

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BTC plunges to multi-week low, following Silvergate fallout.

Following a high of $1,652.43 on Thursday,Today’s drop has pushed the world’s second largest cryptocurrency to its weakest level since February 15.As projected earlier in the week, a move towards $1,550 was already on the cards, as the 10-day moving average neared a downwards cross with the 25-day moving average.

The RSI has also contributed to the sell-off, with the index falling below a recent support point at 49.00.Register your email here to get weekly price analysis updates sent to your inbox:

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This literally means nothing. My coins have sprinted back since the drop. It’s called a dip. Crypto ain’t gonna go anywhere

Gonna keep adding ETH to my Ownr wallet

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