BTC plunges on Friday, dropping below $22,000.
) fell lower for a seventh consecutive session on Friday, as the token broke out of a key price floor earlier in the day../USD fell to an intraday low of $21,718.54, which saw the token drop below its recent support point at $22,600.
This move saw the world’s largest cryptocurrency hit its lowest point since July 27, and near a new floor of $21,150 in the process.As can be seen from the chart, the drop coincided with the 14-day relative strength index moving below its own floor at 46. Currently, the index is tracking at 37.87, which is not only in oversold territory, but the weakest point the RSI has touched in over a month.
Despite already being oversold, it appears that bears are attempting to recapture a floor of 34.95, which will see
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