Ethereum started the weekend trading below $1,900 for the first time in two weeks, as cryptocurrency markets continued to fall. The global market cap is down by close to 3% at the time of writing this. Bitcoin was also in red, as it moved closer to $27,000.

Bitcoin

Bitcoin (BTC) was in the red for a fourth consecutive session, as prices neared a breakout below $27,000.

BTC/USD plunged to a low of $27,169.57 to start the weekend, a day after trading at a high of $28,291.60.

Saturday’s drop in price resulted in bitcoin falling to its lowest point in roughly three and a half weeks.

Looking at the chart, this latest downturn has pushed the 10-day (red) moving average closer to a cross with its 25-day (blue) counterpart.

In addition to this, the relative strength index is now tracking at 41.73, which is marginally higher than its long-term floor at 41.00.

If price strength were to slip below this point, there is a good

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Author: Eliman Dambell

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