{"id":235,"date":"2022-10-15T13:17:35","date_gmt":"2022-10-15T13:17:35","guid":{"rendered":"https:\/\/live-script.xyz\/bitcoin-ethereum-technical-analysis-btc-eth-lower-on-saturday-as-bears-reenter-the-market\/"},"modified":"2022-10-15T13:17:35","modified_gmt":"2022-10-15T13:17:35","slug":"bitcoin-ethereum-technical-analysis-btc-eth-lower-on-saturday-as-bears-reenter-the-market","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/bitcoin-ethereum-technical-analysis-btc-eth-lower-on-saturday-as-bears-reenter-the-market\/","title":{"rendered":"Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower on Saturday, as Bears Reenter the Market"},"content":{"rendered":"
Bearish sentiment returned to cryptocurrency markets on Saturday, as bitcoin was once again in the red. The world\u2019s largest token moved lower to start the weekend, following yesterday\u2019s surge towards $20,000. Ethereum was also down today, falling below $1,300 in the process.<\/strong><\/p>\n Bitcoin (BTC<\/a>) was in the red to start the weekend, as bearish sentiment returned to cryptocurrency markets.<\/p>\n BTC<\/a> was higher on Friday, as market uncertainty eased, following the latest U.S. inflation report, however it seems as though this turbulence has returned this weekend.<\/p>\n As a result, BTC<\/a>\/USD fell to an intraday low of $19,076.63 earlier in the day, less than a 24 hours after hitting a peak of $19,821.40.<\/p>\n Looking at the chart, the drop in price has pushed the 10-day (red) moving average (MA) close to an imminent downward crossover with its 25-day (blue) counterpart.<\/p>\n In addition to this, the 14-day relative strength index (RSI) is now back below the 50.00 mark, after failing to move past its ceiling of 55.00.<\/p>\n Should this momentum continue to decline, we could see prices heading towards a floor of $18,600.<\/p>\n Like bitcoin, ethereum (ETH<\/a>) was also trading lower to start the weekend, with prices of the token falling below $1,300.<\/p>\nBitcoin<\/h2>\n
Ethereum<\/h2>\n