Cryptocurrency traders have been taking profits over the past few days, leading to a drop in bitcoin and ethereum prices. BTC is currently trading at about $28,000, while ETH is at around $1,900.
Bitcoin (BTC) has declined for three days in a row, with the price dropping below $28,000.
The 14-day relative strength index (RSI) fell to a mark of 46.00, which is the lowest it has been since April 9. Bulls have since returned to the market and pushed the price back up above $28,000.
Ethereum (ETH) has also been moving lower, with prices close to a drop below $1,900. The cryptocurrency has dropped 10% in the last week, after reaching a peak of $2,105 two days ago.
The RSI has also plummeted, breaking out from the 53.00 level, and currently sitting at 49.46. If momentum continues to decrease, bears may target a support point of 44.50.
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