Bitcoin, Ethereum Technical Analysis: BTC Hovers Near $23,000 to Start the Weekend – Market Updates Bitcoin News

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BTC starts the weekend hovering close to $23,000.

) remained close to the $23,000 level on Saturday, as markets continued to react to Friday’s U.S. personal consumption data./USD fell to an intraday low of $22,880.60 earlier in the day.

This came as bitcoin was once again unable to break out of a key resistance level at $23,500, leading to a resurgence of bearish sentiment.In addition to this, the 14-day relative strength index has dropped below the 80.00 mark, and looks to be headed for a floor at 76.00will collide with a floor at $22,400.

 

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Bitcoin price will not move much before the February FOMC meeting.

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