Bitcoin, Ethereum Technical Analysis: BTC, ETH Slip Ahead of US Consumer Confidence Report – Market Updates Bitcoin News

Following a high of $1,662.58 to start the week,This recent decline comes after a failed attempt to move past a long-term resistance level of $1,675.Additionally, price strength has also hit a ceiling at the 53.00 mark, with the index tracking at 52.74.

Ultimately this consolidation, which is almost identical to bitcoin’s, comes as markets wait for this afternoon’s consumer confidence report, before deciding which direction to take.bulls break the 53.00 ceiling on the RSI, there is a good chance that price could be heading to or above $1,700.Tags in this story

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Cathie Wood: Bitcoin and Ethereum are ‘on the right track,’ despite collapse of several crypto companiesEther has been ushering in a financial services “revolution,” said Cathie Wood, chief executive at ARK Invest. Wood’s flagship Ark Innovation ETF fell more than 67% in 2022, but has regained about 24% so far this year.
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