Bitcoin, Ethereum Technical Analysis: Strong Dollar Pushes BTC Below $19,000
Bitcoin was once again trading under $19,000, as the U.S. dollar moved to a one-week higher versus several G7 currencies. Friday’s move saw the token fall to a key support point in the process. Ethereum was also in the red in today’s session, as prices fell for a fourth straight day. Bitcoin Bitcoin (BTC) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies. Following a high of $19,315.20 during Thursday’s session, BTC/USD slipped to an intraday low of $18,945.48 earlier today. The move pushed prices of the token towards a key support point of $18,900, as price strength also declined. BTC/USD – Daily Chart Looking at the chart, the relative strength index (RSI) of 14-days collided with a floor of 40.50, and as of writing is set to move below 40.00. The 10-day (red) moving average has also extended its downward trend, which could be a sign of further bearish sentiment. Should we see the RSI continue to...