Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Buyers could not keep the growth since yesterday, and most of the coins are in the red zone again.
BTC/USD
The rate of Bitcoin (BTC) has declined by 0.75% on the last day of the week.
On the daily chart, Bitcoin (BTC) could not fix above the $19,000 mark, which means that sellers remain more powerful than buyers.
Thus, there is a gap at the $18,745 mark on CME, confirming a possible further drop. In this case, traders may expect a fall to the nearest support level at $18,271.
Bitcoin is trading at $18,968 at press time.
ETH/USD
Ethereum (ETH) has lost more than Bitcoin (BTC) as the price has dropped by 1.71% since yesterday.
From the technical point of view, Ethereum (ETH) is looking more bearish than bullish as buyers could not get it to the $1,400 zone. If the daily candle closes below the $1,300 mark, there is a chance to see ongoing decline to the $1,200-$1,250 area.
Ethereum is trading at $1,313 at press time.