Bitcoin dropped for a second consecutive session on Thursday, as price moved towards a key point of support. Today’s sell-off has sent the cryptocurrency below $29,000, with the coin now trading at a ten-day low. Ethereum fell to a one-week low in today’s session.
Bitcoin
Bitcoin (BTC) was once again in the red on Thursday, as traders continued to secure gains from last week’s bull run.
BTC/USD fell to an intraday low of $28,596.91 earlier in today’s session, which comes a day after hitting a high of $29,509.35.
This is the lowest point that bitcoin has hit since April 10, when price traded at a bottom of around $28,100.
if BTC Failed to Hold $28596 level we might see Next $27800-$26700
Ethereum
Ethereum (ETH) slipped to a one-week low in today’s session, as traders attempted to find a point of support.
Following a high of $2,005.44 on Wednesday, ETH/USD dropped to a bottom at $1,928.58 earlier in the day.
As a result of this drop, Ethereum fell to its weakest point since April 13, a day which saw ETH hover marginally above $1,900.
At the time of writing, ETH has rebounded, which appears to be due to its RSI bouncing from a floor at 52.00.
Ethereum is currently trading at $1,945.58, with the index at the 54.54 level, below an upcoming ceiling at 58.00.
If bulls were to take price strength to, or above, 58.00, there is a good chance that ETH will be back over the $2,000 level.