$BTC $XRP As Cryptocurrencies Fall, Buyers Look to Catch Next Support Levels — Market Talk
Recent falls in cryptocurrencies have left buyers looking at the next chart support levels where they could buy them back at a cheaper level after a steep fall, Trade Nation's David Morrison says in a note. Both bitcoin and ether have "come under near-constant selling pressure" since mid-January and Morrison estimates the next major support levels at $70,000 for bitcoin and $2,000 for ether. "The bulls are searching out levels of significant support, calculating if they can hang in there should there be another lurch lower," he says. Bitcoin hit a 15-month low of $72,902 Tuesday and last trades at $73,932. Ether hit its lowest in nearly 9 months at $2,109.18 Tuesday and is last at $2,147.45, LSEG data show.
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