Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Recent Declines During Saturday’s Session – Market Updates Bitcoin News

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BTC below $21,000, whilst ETH slips under $1,700 to start the weekend.

) continued to reside in the red to start the weekend, as prices of the world’s largest cryptocurrency fell below $22,000./USD fall to an intraday low of $20,868.85, with the token edging closer to a key support level.

This floor has been at the $20,800 point, which was last hit on July 16, when prices were trading below $20,500.As a result of these declines, the 14-day relative strength index dropped to a low of 32.97, which is its lowest point since July 12.is currently trading at $21,191.27. Taking a closer look at the chart, it can be seen that the 10-day moving average , is nearing a downward cross with the 25-day MA.

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