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Bitcoin, Ethereum Technical Analysis: BTC, ETH Fall to 1-Week Lows, as Markets Prepare for Big Week of Data

October 10, 2022


Bitcoin started the week trading at a seven-day low, as markets prepared for a big week of economic data.

BTC/USD slipped to a bottom of $19,162.31 on Monday, which saw prices drop below a key support point of $19,300.

Since hitting this floor, bulls have since reentered, pushing prices back above the aforementioned support.

Looking at the chart, today’s drop in price came as the 14-day relative strength index (RSI), fell to a bottom of its own.

As of writing, the index is tracking 45.47, which is marginally above a support of 45.00, however, bulls have thus far rejected a breakout attempt.