BTC, ETH decline, following stronger than expected U.S retail sales data.
) fell for a second straight day, as markets continued to react to the latest U.S. retail sales report./USD slipped to a low of $16,430.11 earlier in today’s session.
The drop comes a day after the token was at a high of $16,726.44, but it now seems to be heading for a recent price floor.Looking at the chart, this support point appears to be at the $16,200 level, which has been the last line of defense prior to the token moving below $16,000 in recent days. A positive for long-term bulls is that the 10-day moving average looks as though it has somewhat exhausted its downward momentum, with a shift in sentiment potentially in the cards.bulls begin to buy this current dip.The world’s second largest cryptocurrency has been down by roughly 2% on Thursday, falling to a low of $1,189.21 in the process.
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