Crypto

Bitcoin Falls After Brief Rise Above $25,000

Today, the capitalization of the global cryptocurrency market has decreased by 2.85%. Ethereum also fell on Monday as prices pulled back from a recent high above $2,000.

bitcoin

After briefly rising above $25,000 over the weekend, Bitcoin traded in the red to start the week.

On Sunday, Bitcoin hit an intraday high of $25,135.59, but BTC dropped to a low of $23,960.03 today.

Sunday’s high was the highest for bitcoin since June 14, when the price of the token topped $26,700.

Looking at the chart, today’s price decline came after the $24,800 resistance level was hit over the weekend as the bulls failed to maintain the momentum needed to push prices higher.

Additionally, the 14-day Relative Strength Index (RSI) sits at 56.44 after failing to break a high of 61.80.

This continues to be the main obstacle to the evolution of the euro. BTC returns above $25,000 for a longer period.

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