Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low.
Today’s session has so far seen BTC rise to a peak of $36,357.75, which is around 0.26% higher than yesterday’s low.
Many believe that this is a result of traders taking a risk off approach as inflationary pressures continue to grip participants with fear.
This price drop comes as the 14-day RSI also hit a floor of its own, at the 39.10 level, which is the lowest point it has tracked at since last Saturday.
However, should this floor fail to hold, then bears will likely be targeting exits at $2,500.
Do you expect bulls or bears to reign supreme this weekend? Leave your thoughts in the comments below.