Bitcoin consolidates after yesterday's rally - market tactualizations

The Hump-Day was a hurdle for cryptocurrency prices, which mainly consolidated after a strong start to February. Bitcoin and Ethereum were traded lower during today's session.

Bitcoin

bitcoin /USD continued yesterday with a weak result and on Wednesday with a weak result and fell by up to 1.13 %at the time of going to press.

This decline led to the prices reaching an intraday low of $ 38,271.44 after they had a high of $ 39,115.13 during the market meeting, which aroused hopes for those who aimed at $ 40,000.

Today's move saw bitcoin The 14-dails-rsi from fiel again Resistance brand of 40, which he had briefly broken yesterday, and has reached his highest price strength since the beginning of January.

The recent course consolidations have meant that the sliding 10-day (red) and 15-day average (blue) have moved closer, which is not bad for bulls.

bitcoin /USD- Tatshart

If you look at the chart, the 10-day course now points upwards, which increases the likelihood of a possible crossover, and this could be the sign that has been waiting for long-term bulls.

Nevertheless, we can see that the markets continue to consolidate in front of this cross.

ether

Ethereum was one of the great winners yesterday and broke out of his level of resistance, but these profits slowed themselves down on Wednesday.

after yesterday's outbreak eth /USD seems a new level of resistance of 2.800 $ To have it was the level on which today's decline began.

similar to bitcoin fell with the RSI level of 44 Hard upper limit for further strength gain was used, which meant that prices fell to an intraaday low of $ 2,745.26.

at the time of writing, eth /USD is scanted and fell on that day by 0.41 %, whereby the possibility of a decline is also possible to support $ 2,600.

What the latest strength would have to happen in eth should it continue this week? Leave your thoughts in the comments below.

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, trainer in retail and market commentator in the areas of crypto, stocks and foreign exchange.

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