BTC Falls Below $40,000 to Start Weekend – Market Updates Bitcoin News - BitcoinEthereumNews.com
Bitcoin has fallen below $40,000 to start the weekend, as cryptocurrency markets extend recent losses. ETH was also lower on Saturday, falling to its lowest point this week in the process. Bitcoin BTC fell for its fourth consecutive session on Saturday, as the worlds largest cryptocurrency dropped below its long-term support level. The price of BTC/USD fell below its $40,000 floor during the session, hitting an intraday low of $38,777.04 in the process. As of writing, BTC is down 5.27% on the day, and is currently trading at $39,151.54, with the 14-day RSI tracking at 45.4. BTC / USD - กราฟรายวัน This decline in price strength comes as the floor of 47 within the RSI indicator was broken, and is now trading at its lowest since last Sunday. As prices continue to fall, traders are naturally looking to find a stable floor, which appears to be around the $37,600 region. However, as established on Friday, a rebound could also be imminent, as bulls historically have lived in the current price range. Ethereum Unlike bitcoin, ETH appears to have found its floor to start the weekend, despite also falling to its lowest level in the last seven days. Earlier in todays session, ETH/USD hit an intraday low of $2,587.75, however these