Bitcoin, Ethereum Technical Analysis: BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News

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BTC hits $17,000, as markets expect rise in U.S. consumer confidence.

/USD hit a peak of $1,224.09 earlier in today’s session, which comes less than 24 hours after hitting a bottom of $1,206.44.

Despite prices nearing a ceiling at the $1,230 mark earlier in the day, bearish sentiment has increased at this level, leading to previous bulls retreating.As of writing, the world’s second largest cryptocurrency is trading at $1,214.44, which comes following a recent crossover of moving averages. Looking at the chart, a downward cross between the 10-day and 25-day moving averages has occurred, which typically is a sign of pending declines.could likely move back towards a floor of $1,160.Will today’s consumer confidence report send crypto prices higher? Leave your thoughts in the comments below.Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator.

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Bitcoin will start to grow next year so I continue to actively spend usdt to buy cheap bitcoin

I don't think this affects consumer confidence even in the slightest. We've been all around that number for months

Hits 17k for the 40th time this year, lol

Support kurocoin 👏🏻👏🏻🚀

well, I wouldn't spend usdt on this local high

good

🥂

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