image credit: Adobe Stock

Bitcoin, Ethereum Technical Analysis: BTC Moves Below $29,000, Hitting a 10-Day Low

April 20, 2023


Bitcoin (BTC) was once again in the red on Thursday, as traders continued to secure gains from last week’s bull run.

BTC/USD fell to an intraday low of $28,596.91 earlier in today’s session, which comes a day after hitting a high of $29,509.35.

This is the lowest point that bitcoin has hit since April 10, when price traded at a bottom of around $28,100.

Looking at the chart, Thursday’s move saw BTC fall under a recent floor at $28,600, with the relative strength index (RSI) also dropping toward a floor of its own.