BTC has reached the highest point since September - market tactualizations

Bitcoin has risen to the highest level since September when the markets prepared for the publication of US individual sales sales data. The economic publication of this afternoon will probably show a cooling of sales because consumers are preparing for a recession. Ethereum also rose in the news, as it continued to move near the $ 1,600 mark.

Bitcoin

bitcoin ( bitcoin ) in today's session rose over an important level of resistance of $ 21,400 and reached a new one Multi -month high.

after a low of 21,120.16 $ bitcoin /usd rast in the early morning of the session on Wednesday at a maximum 21,438.66 $.

This price increase had the world's greatest cryptocurrency climbing to its strongest point since September 13th.

This step takes place, while the markets are preparing for the publication of US individual sales sales figures that are expected to go back to -0.8 % from -0.6 %.

From the chart it can be seen that the course strength continues to move in the overbought area, with the 14-day relative strength index (RSI) being 87.92.

The next visible resistance point is 90.00, which could be a challenge for long -term bulls.

ether

uther ( eth ) also moved slightly on Wednesday, as it was still being traded near a upper limit of $ 1,600.

eth /USD jumped on a high of $ 1,594.00 after it was less than 24 hours after it is at a deep state of 1.562.06 $ fell.

Today's gain in the course now means that Ethereum has climbed higher in ten of the last eleven sessions.

At the present time, the 14-day RSI is 84.18, which is like Bitcoin deep in the overbought area.

The last time looked at the card ETH At this point in time, followed a significant drop in the course.

Many technical traders will probably pay attention to this, and the fear of repeating the story could lead to many liquidating their current positions.

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Will strong retail data help to further boost crypto prices? 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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