BTC approaches a breakout below $29,000, hitting 1-week low.
Following a high of $30,470.30 on Tuesday,The low sent bitcoin to its lowest point since April 10, which is when price was last below $29,000.Overall, it appears that today’s sell-off took place as the 14-day relative strength index fell below a floor at 59.00.
At the time of writing, the index is tracking at 54.97, with the next visible point of support at the 55.00 mark.Ethereum
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