Bitcoin prices were mainly unchanged early in Friday’s session, as traders prepared for the weekend. Following a strong start to the week, crypto prices have mostly consolidated in recent days. ETH was once again trading close to support at $1,750.
Bitcoin
Following a strong start to the week which saw BTC hit a high of almost $32,000, prices have since consolidated, trading slightly below $30,000.
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.
Despite these recent declines, bitcoin is still nearly 1% higher than at the same point last week, when prices were trading under $29,000.
In addition to this, the 14-day RSI has still yet to break its floor of 45, meaning that bulls are still hovering around waiting for an ideal time to re-enter the market.
The 10-day moving average is now also downward facing, with a potential for a downward cross, however should a bullish wave begin, we might see sentiment change.
Ethereum
ETH was once again trading below $1,800 on Friday, as prices fell for a fourth consecutive session.
Although these declines have been marginal, this bearish momentum has meant that ethereum has struggled to move beyond $1,800 this 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.
Despite this, looking at the last seven days will show that there
