Bitcoin, Ethereum Technical Analysis: ETH Below $1,600, BTC Under $21,000 to Start the Week – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: ETH Below $1,600, BTC Under $21,000 to Start the Week – Market Updates Bitcoin News
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ETH falls under $1,600, with BTC below $21,000 to start the week.

) started the week in the red, as prices of the token dropped following a mini-rally over the weekend./USD slipped to an intraday low of $20,939.18 earlier in the day.

This drop led to bitcoin moving closer to its recent support point of $20,800, which it last hit on Saturday, however bulls have so far resisted a similar occurrence today.Looking at the chart, earlier bearish momentum has somewhat eased, and as of writing, the token is trading at $21,251.86.has fallen lower for seven of the last nine sessions, and this has resulted in a downward cross between the 10-day moving average , and the 25-day MA.

Although the floor of $20,800 has so far remained firm, should bearish pressure intensify, we will likely see

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