Bitcoin replicates Ether price action

As noted in the previous update, Bitcoin has followed Ether lower since yesterday evening. The lead cryptocurrency has fallen close to 60k today as Ether breaks down below a level that has defined its upward trend for some while. Bitcoin has also in fact dropped below its corresponding 21 day moving average today too. That is in place right now at 62,822 and the fall below this price point has seen BTC fall to as low as 60,369 so far. The move lower is technical but also a concern for holders because it could open up more downside unless the price can recover back above that price point. There is no directly attributable news for the move that can be readily detected here. Bitcoin is just now trading at 60,845