Trading: technical analysis of Bitcoin and Ethereum
Pagsusuri ng Presyo ng Bitcoin (BTC) Weakness in recent hours brings Bitcoins price back sa ibaba $ 18,600 for the first time since 20 June. Downward movement that highlights the weakness of the technical structure, which despite an attempt to recover the $25,000 in mid-August, has failed to change the bearish trend that began last November, which continues to characterize the price movements of the queen of cryptocurrencies. The failure to hold the technical and psychological support of $20,000 quickly caused the prices to plummet to the lowest levels in the past two months, raising fears of a retracement below the June lows with the prices touching $17,600, the lowest bottom since December 2020. At this point, a return of buying and a recovery of $20k is needed within the next few days of the week to cancel out the hypothesis of a monthly cycle that began on 28 August and is already set to fall, paving the way for an update of the years lows. Ethereum (ETH) – technical price analysis Ethereum Price Analysis (ETH) The technical structure of Ethereum is different, and despite the bearish phase that has been characterizing the price movement since mid-August, it still demonstrates a bullish setting of the current three-month