Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, Ahead of US Inflation Report – Market Updates Bitcoin News

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BTC consolidated close to a floor of $27,300, ahead of the U.S. inflation report.

) continued to consolidate on Wednesday, as markets awaited the latest inflation report from the United States./USD dropped to an intraday low of $27,375.60 earlier in today’s session.

Price strength moved below a floor at 43.00, with the index tracking at 42.63 at the time of writing.Ethereum also hovered close to a support point of its own in today’s session, as overall market sentiment remained uncertain./USD hit a bottom of $1,835.70 on Wednesday, which comes a few days removed from price trading above $2,000.

 

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