BTC moves around $ 23,000 at the beginning of the weekend - market tactics

Bitcoin started the weekend with a hovering around $ 23,000, since the markets continued to respond to personal consumption data in the United States. On Friday, figures published reported that the expenses last month dropped by 0.2 %, although general consumer mood has improved. Ethereum remained close to $ 1,600 at the beginning of the day.

Bitcoin

bitcoin ( bitcoin ) remained near the $ 23,000 mark on Saturday, since the markets continue to be on the US dates for private consumption from Friday reacted.

after a high of 23,417.72 on Friday bitcoin /USD fell earlier a day a day 22,880.60 $.

This happened when Bitcoin was again unable to break out of $ 23,500 through an important level of resistance, which led to a resurrection of the declining mood.

bitcoin /USD- Tatshart

In addition, the 14-day relative strength index (RSI) fell below the 80.00 mark and seems to be controlled to a floor at 76.00

If the dynamics continue down, this is probably bitcoin will collide with a floor at 22:400 $

currently the index is 78.59, with bitcoin /USD is traded at 22.930.60 $

ether

After a short break that moved over $ 1,600 on Friday, Ethereum ( eth ) started again under this Level.

eth /USD fell on a low of $ 1,568.69, less than one day after it was a maximum of 1.617.00 had reached.

Volatility at Ethereum has increased over $ 1,645 marks in the last few days after a failed attempt to break out.

After weeks of overbearding, the price strength has started to re-release, with the 14-day RSI now lying under its floor at 63.00

At the moment, the index is 62.50, with Ethereum is $ 1,582 and a lower limit at $ 1,550 is a possible destination for sellers.

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Do you expect the cryptocurrency prices to fall further this weekend? Leave your thoughts in the comments below.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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