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

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BTC, ETH lower, as markets prepare for U.S. consumer sentiment data.

Following a high of $1,619.45 on Thursday,Today’s move came as the world’s second largest cryptocurrency was unable to break out of a resistance level of $1,640 on Wednesday.Since this time, prices have moved to lower lows in back-to-back sessions, with ethereum’s RSI also dropping below a key point of support.

The index is tracking at 61.94, which is marginally under its recent floor at 63.00, and its weakest level since January 8.will hit a floor at $1,500.Tags in this story

 

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