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Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start the Weekend – Market Updates Bitcoin News

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BTC, ETH consolidate on Saturday, as markets continue to digest the latest U.S. payrolls report.

) was also in the red on Saturday, as the price of the world’s second largest cryptocurrency fell below a key resistance point./USD fell to a low of $1,275.09 earlier in today’s session.

This drop sees ethereum move below its recent ceiling at the $1,285 level, despite a recent upwards crossover of the 10-day and 25-day moving averages.Looking at the chart, today’s drop came as the RSI fell below its long-term support point at 51.70. It is now tracking at 51.42, as of writing. Traders still seem to be optimistic about a potential move above $1,300, however, the RSI will likely need to surge beyond the 52.00 mark.move towards a ceiling of $1,370.Tags in this story

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These projects are about to explode. I regularly spend usdt to buy them

The wind has changed time to pack my Ownr wallet with coins

after that drop to the real bottom, where I start spending all USDT I've accumulated this year

👀

So, I’ll continue hodl them both bullishly on bfx.

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