Bitcoin, Ethereum Technical Analysis: ETH Remains Above $1,200, Despite Market Volatility Increasing – Market Updates Bitcoin News

fell below $21,000 in today’s session, as the global crypto market cap fell by as much as 2% earlier today.Following a marginally bearish start to the week, downward pressure intensified in today’s session, sending bitcoin slightly lower.

The world’s largest crypto token fell to an intraday low of $20,577 during Tuesday’s session, less than 24 hours after nearing $22,000. Today’s decline comes following a rise of bearish sentiment, with traders seeing yesterday’s decision by bulls to secure gains as a sign of weakness.As such, those looking for downward opportunities used that as a signal to re-enter the market, pushing prices marginally lower in the process.

One of the main catalysts for this change in sentiment is the 14-day RSI, which failed to break out of its key resistance level of 35.70 on Monday./USD is now trading at $21,011.48, however it’s still 1.03% lower than yesterday’s peak, and may not regain bullish momentum until this ceiling on the RSI is broken.managed to stay above $1,200 for the majority of today’s session, despite attempts from bears to send prices even lower./USD dropped to an intraday low of $1,170.

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Volatility is not intensifying. Your words are too harsh for the market.

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