Following Friday’s non-farm payrolls report, Bitcoin has fallen to its lowest level this week. This was slightly lower than expected. It is estimated that 490,000 will be added to the US economy, compared to 431,000 added. ETH It also responded to the news and eventually fell below $ 3,400.
BTC The world’s largest cryptocurrency has fallen to its lowest level this week, causing it to fall in three consecutive sessions on Friday.
Following yesterday’s highs above $ 47,591.00, BTC/ USD traded at a intraday low of $ 44,403.14 during today’s session.
This is the worst BTC It’s been a hit since March 27, a few days after failing to break the $ 48,080 price limit.
As expected earlier this week, the movements over the past few days are very similar to the movements on January 2nd, when prices were last traded in the region.
Looking at the chart, the 14-day RSI also fell from Tuesday’s high of 70.55 and is now at 60.08.
If the price strength continues to decline towards 56.50 support, we can see BTC Trade close to $ 42,000 to end the week.
ETH/ USD is currently down 1.35% and the daytime low for today’s session was $ 3,223.89, also the lowest since March 27th.
Today’s price decline is following up from the peak of $ 3,441 during yesterday’s market session, as prices traded above resistance of $ 3,390.
This cap is now firmly broken, price strength is also vulnerable, and the 14-day RSI has fallen from its recent highs.
At the time of writing, it was tracked at 66.76. It is only a few days away from the peak above 73 to start the week.
Similar to Bitcoin.com news’ BTC Analysis earlier this week predicted some reversals, but the length of this turnaround is still controversial.
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