Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Day Low, as Nonfarm Payrolls Are Marginally Lower – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC Falls to 5-Day Low, as Nonfarm Payrolls Are Marginally Lower – Market Updates Bitcoin News
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Bitcoin falls to 5-day low, as NFP marginally misses expectations.

/USD is currently down 1.35%, following an intraday low of $3,223.89 during today’s session, which is also the lowest since March 27.

Today’s drop in price follows up from a peak of $3,441 during yesterday’s market session, as prices traded above resistance of $3,390.This ceiling has now firmly been broken, with price strength also showing fragility, and the 14-day RSI tailing off from recent highs.Similar to Bitcoin.com News’ analysis earlier this week, a reversal was somewhat expected, however the length of this turnaround is still up for debate.

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