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Bitcoin, Ethereum Technical Analysis: BTC Nears 10-Day Low, as Bears Regain Market Sentiment

December 8, 2022

Category:

Bitcoin

Bitcoin (BTC) remained near a one-week low on Thursday, as cryptocurrencies continued to trade in the red.

BTC/USD slipped to a bottom of $16,750.56 earlier in the day, less than 24 hours after trading at a high of $17,061.48.

The move saw the world’s largest cryptocurrency move closer to a recent support point of $16,700.

After failing to break out of a ceiling at the 50.00 level earlier in the week, the 14-day relative strength index (RSI) is now tracking at 45.50.

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