Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate Ahead of US Consumer Sentiment Data – Market Updates Bitcoin News

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BTC, ETH largely unchanged, ahead of today's U.S. consumer sentiment report

) was once again trading near a key support point on Friday, as prices of the token also consolidated./USD has fallen, as price uncertainty continues to remain high.

As of writing, the world’s second largest cryptocurrency is trading at $1,332.67, which is marginally above its $1,330 floor.Like with bitcoin, the 14-day RSI is also hovering below a ceiling, in this instance the level of 42.00, which has been in place for the past fortnight. This has contributed to the sideways trajectory of the token, which appears to be stabilizing, following the recent Merge event.

This afternoon’s consumer sentiment report could act as a trigger to end this spell of consolidation, should the data be greater than markets had initially forecasted.Tags in this story

 

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BTC is preparing for bounce up to 28k USDT.

Both BTC and ETH are pretending to be Tether.

I try to spend as much usdt as possible to buy both of these projects

I continue to actively spend usdt on these two projects

I think when the economy will become better, all these people will start investing $usdt in bitcoin.

Tbh I ouldn't mind it breaching the bottom, gotta spend my usdt before it surges

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