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Bitcoin, Ethereum Technical Analysis: BTC Falls Below $24,000 Ahead of US Consumer Sentiment Data – Market Updates Bitcoin News

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BTC drops below $24,000 ahead of U.S. consumer sentiment report.

Following a high of $1,666.13 during yesterday’s session,The drop saw ethereum move further away from its long-term ceiling at $1,675, and closer to a floor at $1,630.Since hitting this earlier high, prices have gone on to rebound, with ethereum now trading at $1,648.37.

This comes as price strength seems to have found a floor at 54.00, and is currently hovering above this point. At the time of writing, the index is tracking at 54.35, with the 10-day moving average upward facing, which could be a sign of an upcoming rally.Tags in this story

 

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