Bitcoin, Ethereum Technical Analysis: BTC Slips, Following Move Above $21,000
Bitcoin fell marginally lower on Thursday, as traders moved to secure gains following yesterday’ ;s price surge . The token rallied to a multi -week high above $21,000 late on hump-day, with bulls somewhat retreating today. Ethereum was also down from Wednesday’s five -week high . Bitcoin Bitcoin (BTC) bulls moved to secure Wednesday’s gains during today’s session, as the token fell from a peak above $21,000. Yesterday saw the world’s largest cryptocurrency rally to a peak of $21,022. However, it moved to a bottom of $20,430.65 earlier today. This drop in BTC/USD comes as previous bulls opted to liquidate their gains, and abandon positions, following a move to a five -week high . BTC/USD – Daily Chart As can be seen from the chart, the drop also came as the 14-day relative strength index (RSI) collided with a resistance level . Price strength rose to its highest level since March, however the index was unable to move past its ceiling of 6...