News Formal

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

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BTCTN - 🏆 531. / 51 Read more »