Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US GDP, Consumer Sentiment Data – Market Updates Bitcoin News

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BTC, ETH consolidate, as market prepare for key U.S. economic data.

Following a high of $1,658.02 to start the week,Sentiment in the world’s second largest cryptocurrency seems to have already shifted, with several dojis appearing on the chart.As can also be seen on the chart, the RSI is currently hovering slightly above a floor at 74.00, which is a current reading of 74.07.

Should a breakout take place, bearish pressure will likely increase, with traders potentially eyeing a move under $1,600.Tags in this story

 

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