Cryptocurrencies in general are lower as well
Bitcoin, Ethereum, Ripple, and Litecoin are all lower on the day - as general cryptocurrency sentiment remains soft. There hasn't been much catalyst to drive prices in the last week, and that uncertain sentiment is causing prices to trade rather range-bound for the time being.
Taking a look at Bitcoin, buyers are once again struggling to break above the 100 and 200-hour MAs - which has been a bane in recent weeks for buyers.
Price is now trading under $11,000 in the GDAX exchange, with the trading range seemingly between the 100 and 200-hour MAS and the $10,000 level for the time being. And by the look of things, that's not likely to change unless we get a catalyst to break on either side of that range.
Have a thought to spare on the matter? Share them here or join the conversation in our new Telegram group.
