Following the better-than-expected jobs report,The move pushed the token close to a key support point of $19,200, and as of writing, it is trading close to a six-day low.Looking at the chart, the 14-day relative strength index has also dropped, and is also approaching a floor of 45.70.
Despite moving closer to this bottom, the 10-day moving average has recently crossed over its 25-day counterpart, which is typically a sign of bullish momentum.move to its floor of $19,200, there will likely be an influx of bulls looking to buy this dip, sending prices higher as a result.) was also down for its fourth consecutive day, with the token breaking out of a key support point in the process.
The world’s second largest cryptocurrency dropped to a low of $1,321.75 on Saturday, a day after hitting a peak of $1,356.88.
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