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Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $17,000 as Market Focus Turns to FOMC Minutes – Market Updates Bitcoin News

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BTC edges towards $17,000, as traders' attention turns to FOMC minutes.

Following a low of $1,212.49 to start the year,As a result of today’s move, ethereum moved closer to a resistance level of $1,230, which has been in place since December 16.Looking at the chart, ethereum was unable to recapture this ceiling, as the RSI of 14 days failed to break out of a resistance at 49.00.

As of writing, the index is tracking at 48.90, with bulls remaining close to this point ahead of tomorrow’s FOMC report, which could be the trigger to a potential price surge. After tomorrow’s report, attention will turn to Friday’s U.S. nonfarm payrolls , which could also be a catalyst for market moves.Tags in this story

 

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