Bitcoin prices hovered marginally below the $40,000 level, as volatility in crypto extended into Friday.
Bitcoin, Ethereum Technical Analysis: More Crypto Price Uncertainty Heading Into the Weekend
Bitcoin consolidated on Friday, as prices hovered marginally below the $40,000 level. This comes following a volatile day of trading in whichBitcoin Bitcoin continued to trade at high levels of uncertainty on Friday, following a volatile few sessions for the world’s largest cryptocurrency./USD started the day around the $39,300 region, before falling to an intraday low of $38,347.43, which then was followed by a high of $40,081.68.
As of writing, bitcoin is now slightly above its price at the start of the day, and is tracking at $39,447.64.Price volatility has heightened in recent days following the news of U.S. President Joe Biden’s executive order, with the Russian invasion of Ukraine also creating uneasy market conditions for traders.
Looking at the moving averages, both the 10-day and 25-day moving averages continued to intertwine with one another, without showing any clear directional path.Ethereum
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