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Bitcoin, Ethereum Technical Analysis: ETH, BTC Lower, US Retail Sales Slow

January 19, 2023

Category:

Bitcoin

Bitcoin (BTC) dropped below the $21,000 mark on Thursday, as crypto markets fell following slowing U.S. retail sales figures.

The decline saw BTC/USD hit an intraday low of $20,541.54 earlier in today’s session, fresh from a four-month high of $21,564.50.

Since the sell-off, BTC now seems to be in search of a support point, with the $20,500 mark a likely candidate.

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