Following a high of $22,497.00 on Sunday,As a result of the move, the world’s largest cryptocurrency sank closer to a recent support point at the $22,300 zone.Overall, the recent rise in bearish sentiment has caused bitcoin to fall by as much as 5% in the last seven-day period.
A downward crossover between the 10-day , and 25-day moving averages has also transpired, which could be a sign of further sell-offs to come. One positive comes in the form of the 14-day relative strength index , which is currently tracking above a floor at the 42.00 mark.
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