Bitcoin, Ethereum Technical Analysis: BTC, ETH Continue to Consolidate as USD Strengthens – Market Updates Bitcoin News

) continued to consolidate in today’s session, as prices hovered around the $17,000 mark on hump-day./USD raced to an intraday peak of $17,109.38 earlier in today’s session.

The move saw bitcoin continue to trade under its recent resistance level of $17,180, which has mostly been in place for the last month.Looking at the chart, the consolidation comes as the relative strength index also remained below its own ceiling of 50.00. As of writing, the index is currently tracking at the 47.80 level, and seems to be heading to a floor at the 45.80 mark.will likely be trading at a support point of $16,800 in the upcoming days.

Bitcoin is only way out.

That's good for BTC. Holding well 16k support.

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