BTC, ETH start the weekend lower, as bearish sentiment remains on Saturday.
As a result of this move the token has been largely unchanged in the last week, with price up 0.87% in the last seven days. Ethereum was also lower to start the weekend.) fell below $20,000 to start the weekend, as bearish sentiment returned following a brief rally late on Friday.
Following the release of the University of Michigan Consumer Sentiment report for September, which showed improvement from the previous month,However on Saturday, the token slipped to an intraday low of $19,238.12, falling below its floor of $19,300 in the process.Looking at the chart, the move comes as the 14-day relative strength index continues to move away from its ceiling at 49.00.
As of writing, the index is tracking at 45.45, which is close to another support point near the 44.00 region. Should this floor hold firm, there is a strong possibility that we could see a rebound, with bitcoin bulls not only taking price back to $20,000, but potentially above this point.
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