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.
This article was written by Arno V Venter at investinglive.com.Hence then, the article about crypto continuing to give back some of its recent gains was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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