Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens – Market Updates Bitcoin News
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BTC plunges to 2-week low, as prices fall under $23,000.

Following a high of $23,191.32 on hump-day,The decline sent bitcoin to its lowest level since January 26, and came as prices broke out of a key support point at $22,500.As can be seen from the chart, the sell-off came as the 14-day relative strength index fell to a one-month low, after moving below a floor of its own.

The index is currently tracking at 56.50, which is marginally under its recent support level at the 58.00 mark.Ethereum

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