{"id":17449,"date":"2023-02-09T14:23:44","date_gmt":"2023-02-09T14:23:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-moves-below-23000-as-market-volatility-heightens-market-updates-bitcoin-news\/"},"modified":"2023-02-09T14:23:44","modified_gmt":"2023-02-09T14:23:44","slug":"btc-moves-below-23000-as-market-volatility-heightens-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-moves-below-23000-as-market-volatility-heightens-market-updates-bitcoin-news\/","title":{"rendered":"BTC Moves Below $23,000 as Market Volatility Heightens \u2013 Market Updates Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div id=\"\">\n<header class=\"article__header\">\n<\/header>\n<div class=\"featured_image_container\">\n\n<\/div>\n<p><strong>Bitcoin dropped to a two-week low on Feb. 9, with prices falling below the $23,000 mark after a brief rally on Wednesday. Cryptocurrencies moved lower across the board, as uncertainty surrounding the state of the global economy impacted investor confidence. Ethereum also slipped, following a move towards $1,700 during yesterday\u2019s session.<\/strong><\/p>\n<h2>Bitcoin<\/h2>\n<p>Bitcoin (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a>) slipped to a two-week low on Thursday, with prices falling below $23,000 in the process.<\/p>\n<p>Following a high of $23,191.32 on hump-day, <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a>\/USD plunged to an intraday low of $22,458.26 in today\u2019s session.<\/p>\n<p>The decline sent bitcoin to its lowest level since January 26, and came as prices broke out of a key support point at $22,500.<\/p>\n<figure id=\"attachment_573073\" aria-describedby=\"caption-attachment-573073\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-573073 size-large\" style=\"text-align: center;\" title=\"Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/btcusd_2023-02-09_10-48-27_ef193-1024x572.png\" alt=\"Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens\" width=\"1024\" height=\"572\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/btcusd_2023-02-09_10-48-27_ef193-300x168.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/btcusd_2023-02-09_10-48-27_ef193-1024x572.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/btcusd_2023-02-09_10-48-27_ef193-768x429.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/btcusd_2023-02-09_10-48-27_ef193-1536x858.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/btcusd_2023-02-09_10-48-27_ef193-190x107.png 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/btcusd_2023-02-09_10-48-27_ef193.png 1613w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><figcaption id=\"caption-attachment-573073\" class=\"wp-caption-text\"><a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n<p>As can be seen from the chart, the sell-off came as the 14-day relative strength index (RSI) fell to a one-month low, after moving below a floor of its own.<\/p>\n<p>The index is currently tracking at 56.50, which is marginally under its recent support level at the 58.00 mark.<\/p>\n<p>Since this bottom, bulls have moved to buy the dip, with <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/BTC\" target=\"_blank\" rel=\"noopener\">BTC<\/a> now trading at $22,701.04, as of writing.<\/p>\n<h2>Ethereum<\/h2>\n<p>Ethereum (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a>) also saw a slight resurgence snapped, with market sentiment shifting in a bearish direction.<\/p>\n<p><a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a>\/USD has bottomed at $1,615.06 so far on Thursday, which comes less than 24 hours after reaching a high of $1,678.09.<\/p>\n<p>Yesterday\u2019s move saw the world\u2019s second largest cryptocurrency break out of a ceiling at $1,675, however it was unable to sustain this momentum.<\/p>\n<figure id=\"attachment_573075\" aria-describedby=\"caption-attachment-573075\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-573075\" title=\"Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/ethusd_2023-02-09_10-48-23_868f9-1024x572.png\" alt=\"Bitcoin, Ethereum Technical Analysis: BTC Moves Below $23,000 as Market Volatility Heightens\" width=\"1024\" height=\"572\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/ethusd_2023-02-09_10-48-23_868f9-300x168.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/ethusd_2023-02-09_10-48-23_868f9-1024x572.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/ethusd_2023-02-09_10-48-23_868f9-768x429.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/ethusd_2023-02-09_10-48-23_868f9-1536x858.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/ethusd_2023-02-09_10-48-23_868f9-190x107.png 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/02\/ethusd_2023-02-09_10-48-23_868f9.png 1613w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><figcaption id=\"caption-attachment-573075\" class=\"wp-caption-text\"><a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n<p>Looking at the chart, bears seem to be targeting a floor at $1,600 for <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a>, however all advances to this point have so far been rejected.<\/p>\n<p>This comes as the RSI appears to have found a relatively stable floor at the 57.00 mark, which has given confidence to nervous bulls.<\/p>\n<p>At the time of writing, ethereum has rebounded from earlier lows, and is currently trading at $1,632.90.<\/p>\n<p><em>Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n<p><em><strong>What is behind today\u2019s shift in market momentum? Leave your thoughts in the comments below.<\/strong><\/em><\/p>\n<div class=\"article__body__author\">\n<div class=\"article__body__author__avatar\">\n<img src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/04\/headshot.jpg\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/04\/headshot.jpg 1x, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2022\/04\/headshot.jpg 2x\" class=\"avatar avatar-150 photo\"\/>\n<\/div>\n<div class=\"article__body__author__info\">\n<h6 class=\"article__body__author__info__name\">\nEliman Dambell <\/h6>\n<p class=\"article__body__author__info__about\">\nEliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.<br \/><span class=\"td-social-icon-wrap\"><br \/>\n<a target=\"_blank\" href=\"https:\/\/twitter.com\/ElimanDambell\" title=\"Twitter\" rel=\"noopener\"><br \/>\n<i class=\"td-icon-font td-icon-twitter\"\/><br \/>\n<\/a><br \/>\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n<p class=\"images_credits\"><em><b>Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<div class=\"disclaimer\">\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. <a href=\"https:\/\/bitcoin.com\">Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n<div class=\"bottom_article_widgets\">\n<aside id=\"bn_widget_spacing-18\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-21\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>More Popular News<\/span><\/h4>\n<\/aside>\n<aside id=\"bn_widget_spacing-19\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-46\" class=\"widget_text td_block_template_1 widget widget_custom_html\"\/>\n<aside id=\"bn_widget_spacing-20\" class=\"td_block_template_1 widget widget_bn_widget_spacing\"\/>\n<aside id=\"custom_html-30\" class=\"widget_text td_block_template_1 widget widget_custom_html\">\n<h4 class=\"block-title\"><span>In Case You Missed It<\/span><\/h4>\n<\/aside>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script>(function(d, s, id) {\n        var js, fjs = d.getElementsByTagName(s)[0];\n        if (d.getElementById(id)) return;\n        js = d.createElement(s); js.id = id;\n        js.src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&version=v3.2\";\n        fjs.parentNode.insertBefore(js, fjs);\n    }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoin-ethereum-technical-analysis-btc-moves-below-23000-as-market-volatility-heightens\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Bitcoin dropped to a two-week low on Feb. 9, with prices falling below the $23,000 mark after a brief rally on Wednesday. Cryptocurrencies moved lower across the board, as uncertainty surrounding the state of the global economy impacted investor confidence. Ethereum also slipped, following a move towards $1,700 [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":17450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17449"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17449"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17450"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}