Crypto continuing to give back some of its recent gains

8 months ago 37

RoboForex - professional services on Forex market

BTC last down 2% while ETH down over 3%

After a solid run higher over recent weeks, BTC and ETH has continued the pullback that started towards the middle of last week.

At the time of writing BTC (white) was down 2% on the session, with ETH (red) down just over 3%.

On the higher timeframes, BTC is currently trading below its 50DMA. Next major support lines up at 112K, which is the low from 2 August and the high from 22 May.

Some profit-taking at some stage was to be expected, but it will be painful for late buyers who tried to chase all-time highs.

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