Top
image credit: Unsplash

Bitcoin, Ethereum Technical Analysis: BTC Hits 1-Week Low, Bullish Sentiment Fades on Monday

February 6, 2023

Category:

Bitcoin

Bitcoin (BTC) started the week falling to a seven-day low, as market sentiment began to shift downwards.

BTC/USD has now fallen lower for five straight sessions, with today’s decline taking prices to a bottom of $22,734.48.

This drop sees bitcoin hit its weakest point since January 30, when prices were trading at a floor of $22,500.

Looking at the chart, the world’s largest cryptocurrency appears to be heading towards this point of support once again.

Read More on Bitcoin.com