Bitcoin, Ethereum Technical Analysis: BTC Consolidates as FOMC Indicates Further Rate Hikes to Come – Market Updates Bitcoin News

) mostly consolidated on Thursday, as price failed to break out of the key level of $17,000 yesterday./USD slipped to an intraday low of $16,789.75 earlier in the session.

The drop comes as markets reacted to the latest FOMC minutes, where the Fed have seemingly agreed to maintain interest rate hikes.This comes as the bank expects a more aggressive rise in inflation, forecasting consumer prices to be at 3.5% in 2023, higher than the 3.1% previously expected. Looking at the chart, the decline in price also comes as the 14-day relative strength index moved below a resistance zone of 51.00.

As of writing, the index is now tracking at 49.14, and seems to be moving towards a support level of 46.00.

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Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $17,000 as Market Focus Turns to FOMC Minutes – Market Updates Bitcoin NewsBitcoin moved closer to the $17,000 level on Tuesday, as market volume begins to pick up following the New Year’s celebrations. Ok, I only listen to ChiefraFba for signals! Totally agree, but I only use ChiefraFba for signals and analysis ALGO bullish
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Bitcoin, Ethereum Technical Analysis: ETH Hits 3-Week High Ahead of FOMC Minutes – Market Updates Bitcoin NewsEthereum rose to a three-week high on Jan. 4, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Just in time to buy: 3-week high! Time to add to your coin collection: The nonsense they write ..bitcoin 'surging' $200...seriously 🤣
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