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Bitcoin now drops below technical support level

10 Sep, 2021

Following an update here not long ago on the progress of XRP (or lack of it right now) the price of XRPUSD has fallen back a little more, to around $1.06 and the move lower there comes as both BTC and Ether fall back to session lows. The drop below 46k in Bitcoin has also taken the price below its 200 day moving average once again. The downside potential for this weekend was highlighted here a little earlier today. The 200 day moving average is in place right now at 45,865 and it is still falling gradually each day. Bitcoin has probably seen some stop loss selling kick in below this level too, judging by the price action as it traded to as low as 45,670. The price is a little above there right now as it tries to reclaim that 46k handle
 

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