Bitcoin
Altcoins have fared worse, bitcoinist noting that Ether (ETH) had not traded so weak against USD since July 2017. The worst performer of the top twenty coins by market cap remains tezos (TEZ) which has lost more than 16 percent.
Against a lack of clarity over how and when the BCH uncertainty would end, commentators were meanwhile redrawing their BTC outlooks to take in a pragmatic but more conservative narrative.
Uploading more deta, entrepreneur Alistair Milne noted BTC’s 3-day relative strength index (RSI) was at its lowest point since January 2015, during which time prices were considered to be in a “capitulation” following local all-time highs a year earlier.
The reading could go lower, he added, while responses noted the weekly RSI was not yet challenging new lows.