Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates After Yesterday’s Rally – Market Updates Bitcoin News

Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session./USD followed up yesterday’s rally with a weak showing on Wednesday, falling by as much as 1.13% as of writing.

This decline saw prices hit an intraday low of $38,271.44, following a high of $39,115.13 during Tuesday’s market session, which raised hopes for those targeting $40,000.’s 14-day RSI once again drop below the resistance level of 40, which it had briefly broken yesterday, hitting its highest price strength since early January in the process.

Recent consolidations in price have meant that the 10-day , and 15-day moving averages have moved closer in proximity, which isn’t a bad thing for bulls.Looking at the chart, the 10-day is now upward facing, which increases the chances of a potential crossover, and this could be the sign that longer term bulls have been waiting for.Ethereum was one of yesterday’s big gainers, breaking out of its resistance level in the process, however those gains have somewhat slowed on Wednesday.

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Bitcoin, Ethereum Technical Analysis: Ethereum Surges 10% to Start February – Market Updates Bitcoin NewsCryptocurrencies traded higher to start February, ETH is trading close to 10% higher, with bitcoin gaining almost 4% today. I’m watching $40-$41k as the next resistance for Bitcoin If we can break this range with confirmation then the 2nd half of the bull market is starting rawkz_t has been very helpful as I have added massively to my holdings through her tips and post, it has been wonderful If bitcoin crashes the whole crypto market will crash too, Everything is Correlated to Btc right now bitcoin will not crash We are just in a bear market Y’all follow oceanbvc She’s a super minimized Bitcoiner who have been following her tweets and tip closely Follow her Seems like it’s still working good to not jump into emotional longs at this point We all feel the FOMO when Bitcoin is pumping Everyone should be following btcblab he is a super underrated bitcoiner I’ve been taking his tweets and tips seriously & it’s been great Follow her
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