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Bitcoin, Ethereum Technical Analysis: BTC Hits Fresh 3-Week High, Ahead of Thursday’s US Inflation Report – Market Updates Bitcoin News

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BTC surges to 3-week high, as markets prepare for U.S. inflation report.

/USD hit a high of $1,342.76 earlier in the day, less than 24 hours after trading at a low of $1,324.97.

Overall, ethereum remains below a resistance point of $1,350, with many expecting prices to move after the release of U.S. inflation figures tomorrow.As can be seen from the chart, the consolidation below this price ceiling comes as the RSI continues to trade under a hurdle of its own. Price strength is now tracking at the 68.73 level, which is under a point of resistance at the 70.00 mark.

bulls are likely still targeting a move beyond $1,400, however, in order for this to happen, the RSI level of 70.00 must first be overcome.Tags in this story

 

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