BTC drops below $22,000 on Monday.
Bitcoin started the week in the red, as Monday saw prices fall for a second consecutive session. Following a recent run towards $22,000, the world’s largest crypto dropped below $21,000 earlier today, withBitcoin dropped below $21,000 on Monday, as prices continued to slip, following a recent encounter with a key resistance point.has fallen for three straight sessions, with today’s decline hitting a low of $20,395.39.
This move saw the token fall from an interim support point at $20,500, which usually is one of the last remaining defenses preventing price from falling below $20,000.Should bearish momentum continue, not only could we see the $20,000 mark broken, but bears will likely target a floor of $18,845. Price strength seems to be heading in that direction, with the 14-day RSI fast declining toward its own floor at 37.90.
One thing to note, however, is that the 10-day moving average has now crossed with its 25-day counterpart, so should we see an extension of this cross, then bullish sentiment may return.The world’s second-largest cryptocurrency fell to a floor of $1,139.91 on Monday, as price moved to a lower low for the fourth straight day.
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