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Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Black Friday

Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today’s session, with the global market cap up 0.12% as of writing. Ethereum was also largely unchanged, with the token hovering below $1,200.

Following a high of $16,641.32 on Thursday, BTC/USD fell to an intraday low of $16,388.40 earlier in today’s session.

Today’s decline saw a three-day winning streak snapped, with BTC moving closer to a recent support point of $16,200.

Ethereum (ETH) was once again below $1,200, as the world’s second largest cryptocurrency also consolidated in today’s session.

ETH/USD fell to a bottom of $1,174.82 earlier in the day, which comes less than 24 hours after hitting a high of $1,203.98.

As a result of this drop, ETH/USD slipped below support at $1,180. However, as the day has progressed, price has rebounded.

(by Eliman Dambell)

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