Bitcoin fell to a six-day low to start the week, as the token moved closer to the $16,000 level. The drop sees prices fall for a fifth straight session, with overall sentiment in the cryptocurrency market turning bearish. Ethereum was once again trading below $1,200, after trading above this point in recent days.

Bitcoin (BTC) fell for a fifth straight session on Monday, as the token moved closer to a breakout below $16,000.

BTC/USD slipped to an intraday low of $16,086.36 to start the week, which comes less than 24 hours after hitting a peak of $16,594.41.

In addition to BTC, ethereum (ETH) also moved lower to start the week, with prices once again moving under $1,200.

Following a high of $1,218.51 on Sunday, the world’s second largest cryptocurrency dropped to a low of $1,162.19 earlier today.

The decline pushed ETH/USD below a key support point of $1,180, and came as the RSI failed to break out of a long-term resistance level.

(by Eliman Dambell)