CryptoTherapist
Bitcoin and Ethereum failed to hold key support levels and are starting to drop again. This trend really isn’t looking good.
After surging to around 94,000, Bitcoin’s upward momentum clearly ran out of steam. Now both the 1-hour and 4-hour charts have broken down. It has to close above 89,500 tomorrow to truly stop this wave of decline. If it can’t even hold this level, the next support is likely around the previous low near 93,800.
Ethereum is performing slightly better than Bitcoin, but the 3,000 mark will most likely be broken. Support is around 2,970; if it can stabilize above this, there’
View OriginalAfter surging to around 94,000, Bitcoin’s upward momentum clearly ran out of steam. Now both the 1-hour and 4-hour charts have broken down. It has to close above 89,500 tomorrow to truly stop this wave of decline. If it can’t even hold this level, the next support is likely around the previous low near 93,800.
Ethereum is performing slightly better than Bitcoin, but the 3,000 mark will most likely be broken. Support is around 2,970; if it can stabilize above this, there’
