BTC Prices Stall, Heading Into Weekend – Market Updates Bitcoin News

Bitcoin prices were mainly unchanged early in Friday’s session, as traders prepared for the weekend. Crypto prices have been consolidating in the last days after a strong week. ETH traded close to $1,750 support once more.

Bitcoin

Prices have stabilized since then, and trade slightly below $32,000 after a solid start to the week.

So far into Friday’s session, BTC was once again lower, as it continued to trade under this level, and has hit an intraday low of $29,732.91 in the process.

This low comes as prices continue to trade below this week’s resistance level of $30,500, and have instead moved closer to support at $29,500.

These recent falls aside, bitcoin prices are still almost 1% higher that they were last week at this time, when prices were below $29,000.

Moreover, bulls remain waiting to re-enter market at the right time.

Now, the 10-day moving average faces downward, and there is a possibility of a cross. However, if a bullish wave begins, sentiment could change.

Ethereum

ETH traded below $1,800 again on Friday as the prices dropped for a fourth session.

Even though these drops have been minor, this bearish momentum means that ethereum is struggling to trade above $1,800 each week.

As of writing, ETH/USD fell to an intraday low of $1,761.05 in today’s session, which comes less than 24 hours after a peak of $1,812.90.

However, a look at the past seven days will reveal that there was a slight rise in price by 0.33%.

This has resulted in ETH trading above support at $1.750, despite bearish sentiment attempting lower.

ETH may also recover its upward momentum if the RSI remains above 38.

Are you optimistic that the $1,750 floor will be broken? Please leave your comments.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has worked in various capacities, including as a retail trading teacher, brokerage director, and market commentator for Crypto, Stocks, and FX.