) moved back below the $31,000 level on Saturday, as cryptocurrency markets consolidated to start the weekend./USD dropped to a low of $30,044.50 earlier in today’s session.
Yesterday’s peak saw bitcoin climb to its highest level since June 7, which has seemingly prompted bulls to secure gains.Looking at the chart, the decline in price comes as the 14-day relative strength index collided with a ceiling at 71.00. At the time of writing, the index is now tracking at 70.18, which is marginally higher than a floor at 68.00.
In the event the RSI drops below 70.00 there is a good chance that even more bulls could vacate earlier positions, in order to protect recent profits.
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Exciting news for ETH as it remains near a 10-month high! The Ethereum community's growth and adoption are promising, and it's great to see the positive trend for investors and enthusiasts. Let's hope for continued innovation and boundary-pushing in the world of cryptocurrency.
I would like to join the Bitcoin world
Ether knows how to surprise)) I knew that the price was going up, but I did not think that it would be so much
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