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Bitcoin, Ethereum Technical Analysis: BTC Falls to $27,000 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News

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BTC remains near 1-month low ahead of U.S consumer confidence report.

/USD dropped to an intraday low of $1,807.74 on Tuesday, following a high at $1,874.11 the day prior.

Tuesday’s slippage came as ethereum fell below its recent support point at the $1,830 mark, which had been in place since April 4.From the chart, this latest downturn came after the RSI indicator collided with a ceiling at the 48.00 level. Price strength is now tracking at 43.67, with a support point at 42.00 a potential target for bears should momentum continue in its current direction.

The 10-day moving average is now also nearing a cross with its 25-day counterpart, which could be a sign of upcoming declines.Tags in this story

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Bitcoin, Ethereum Technical Analysis: BTC on Brink of ‘Death Cross’ on Moving Average Trendline – Market Updates Bitcoin NewsBitcoin neared a downwards crossover of two key moving average trend lines, which could signal an upcoming price drop.
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