Bitcoin, Ethereum Technical Analysis: BTC Nears $17,000 Heading Into the Weekend – Market Updates Bitcoin News

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BTC rebounds, moving closer to $17,000 on Friday.

/USD, which slipped below this level on Thursday following a strengthening USD, rose to a high of $1,224.97 earlier today.

As a result of this move, the world’s second largest cryptocurrency moved back above a recent support point of $1,220.This comes as the 14-day RSI bounced from a key floor of its own at 38.00, and as of writing, the metric is tracking at 40.46. The 10-day moving average also seems to have started to trend sideways, which signals the current price consolidation in the market.Register your email here to get weekly price analysis updates sent to your inbox:

 

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I knew this would happen, so I opened a long on bitfinex beforehand

At this point I refuse to believe it's gonna pump for more than a full day

It's crazy how the same price can bring devastation or delight depending on context

Right time to buy and invest.

The bull market is about to begin. It is time to invest in cryptos and become millionaires. Our patience will be rewarded.

Good to see green candles on bitfinex

It even surpassed the 17K mark on various moments during the last 7d period.

Could we see Ethereum back above $1,300 this weekend?

Yet everything is still going down

This is good information so that everyone can be prepared

good news☀️

These bots are annoying hey? I see the trend but.... Shouldn't we expect a dump soon?

bulish🚀

Aint you surprised that nobodyyy is talkinnn about thiss?

BOOM! Another winning signal today from ChiefraFba

Amazing! I have recently started using ChiefraFba for signals, his accuracy is INSANE!

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