Bitcoin, Ethereum Technical Analysis: BTC, ETH Below $20,000 and $1,600 Respectively, on Saturday – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Below $20,000 and $1,600 Respectively, on Saturday – Market Updates Bitcoin News
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BTC, ETH drop below key price levels to start the weekend.

Following a high of $1,643.18 on Friday,This drop sees ethereum briefly break out out of its own support at $1,550 to start the weekend, as bearish sentiment in crypto returned.Earlier declines have now eased, as profit takers opted to abandon their positions as opposed to keeping trades open.

Although prices have since risen above the earlier floor, there are some who fear that further declines are ahead. Bears are likely looking towards a floor of $1,420 as a possible target, should volatility in markets remain geared to the downside.Tags in this story

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