Bulls could not hold the gained initiative, and most of the coins have returned to the red zone.
BTC/USD
The rate of Bitcoin (BTC) has slightly declined over the last 24 hours, falling by 0.26%.
On the daily chart, the price is slowly approaching the middle of the channel — the $27,500 mark. If buyers cannot bring the rate of Bitcoin (BTC) back above the $28,000 zone shortly, the fall may continue to the support level at $26,700.
Such a scenario is relevant until the end of next week.
Bitcoin is trading at $27,919 at press time.
ETH/USD
Ethereum (ETH) has lost more than Bitcoin (BTC) as its price has fallen by 1.57% since yesterday.
The rate of Ethereum (ETH) has kept falling since it returned below the resistance level at $1,890. The volume keeps declining, which means that buyers are not willing to buy at the current prices. In this case, a test of the crucial zone of $1,800 is the more likely scenario for the next few days.
Ethereum is trading at $1,835 at press time.
Arman Shirinyan
Godfrey Benjamin
Gamza Khanzadaev