ETH, BTC Lower, Slow U.S. Individual sales-market tactualizations

Ethereum fell deeper on Thursday, since the cryptocurrency markets continued to respond to the latest US individual sales sales figures. The sales in the United States decreased more than expected and declined by 1.1 % in December. Bitcoin also declined in today's session, with prices fell below the $ 21,000 mark.

Bitcoin

Bitcoin ( bitcoin ) fell under the 21,000-Dollar market on Thursday, as the cryptoma markets US individual sales sales.

The decline saw Bitcoin /USD earlier in today's session an intraday-deep of $ 20.541.54 Fourth high of $ 21,564.50

Since the sale bitcoin now seems to be looking for a base, the brand of $ 20:500 is a more likely candidate.

If you look at the diagram, a decline was expected because the 14-day relative strength index (RSI) was close to a two-year high in the last few days

At the moment, the index is located at the level of 78.40, which is slightly above a floor with the 77.00 mark.

If a movement takes place below this point, this is probably bitcoin Bear could press the prices towards the 20,000-dollar zone.

ether

uther ( eth ), which rose over $ 1,600 on Wednesday, was also in the minus and fell in today's session Five-day low.

After a high of $ 1,602.11 on the humptag eth /USD today fell on a low of $ 1,509.42.

as a result of the move eth has been on the lowest stand since the prices have reached a floor of $ 1.449.

From the diagram, ETH The price strength of has also reached a level of support, whereby the RSI is currently near a lower limit at 70.00 hover.

If the momentum tends further down, the next signal will be the sliding 10-day average (red), which initially points upwards.

Provided this, this happens, Ethereum sellers will likely strive for a movement near the $ 1,350 mark.

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could we see further declines at Ethereum and Bitcoin in the coming days? Leave your thoughts in the comments below.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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