Bitcoin (BTC) continued to trade lower on Monday, as markets remained in consolidation ahead of a pivotal week of economic events.
Following a high of $29,952.03 on Sunday, BTC/USD slipped to an intraday low of $28,360.50 earlier today.
This move saw bitcoin briefly fall below a key support point at $28,500, hitting its lowest point since April 27 in the process.
Overall, bitcoin remains nearly 4% higher than at the same point last week, when prices were close to the $27,000 mark.
As a result of today’s sell-off, the relative strength index (RSI) has dropped to a floor of its own at 50.00.
