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The weekend has started with a continued correction of the cryptocurrency market.
The rate of Bitcoin (BTC) has almost not changed since yesterday.
Today’s move of BTC has not affected its overall technical picture on the daily chart. The price keeps trading sideways as neither side has seized the initiative yet. In this regard, sideways trading in the area of $35,000-$37,000 is the more likely scenario for the next few days.
Bitcoin is trading at $36,442 at press time.
Ethereum (ETH) has lost more than BTC, going down by 1.18% over the last 24 hours.
From a technical point of view, Ethereum (ETH) is looking more bearish than Bitcoin (BTC) as the price is approaching the support level of $1,882. If buyers cannot seize the initiative shortly, the breakout may lead to a blast to the $1,800-$1,850 range soon.
Ethereum is trading at $1,938 at press time.
Binance Coin (BNB) has followed the drop of ETH, going down by 1%.
On the daily chart, the rate of BNB has bounced off the support level of $238. However, if the price returns to it, the accumulated energy might be enough for a sharp blast to the $230 zone next week.
BNB is trading at $242.5 at press time.