BTC, ETH consolidate before US consumer tuning data-market tactualizations

Bitcoin consolidated on Friday, when dealers prepared for the publication of the upcoming figures on the consumer mood from the United States. After an increase to a five -month high on Thursday, the prices were again less than $ 23,000. Ethereum also slipped and moved under $ 1,600.

Bitcoin

bitcoin ( Bitcoin ) fell under 23,000 $ again on Friday, when the markets were consolidated in front of the US consumer.

Bitcoin /USD in today's session slipped to a low of 22:654.59 $, less than 24 hours after it was high from $ 23,215.00.

The decline took place before the US consumer report from this afternoon, which is expected to be 64.6

As can be seen from the diagram, the relative strength index (RSI) also approached a soil of 78.00, which led to a slight shift in momentum.

The sliding 10-day average (red) continues to move upwards, but if the index is less than 78.00, this trend will probably turn back.

currently the index is 79.64, with bitcoin /USD is traded at 22.965.60 $

ether

There was a slight change in mood at Ethereum ( eth ), whereby the prices were moving during today's session under

after a high of $ 1,619.45 on Thursday eth /USD fell on an intraday low of 1,565,25 $.

Today's step took place when the second largest cryptocurrency in the world on Wednesday was unable to break out at a level of resistance of $ 1,640.

Since then, prices have moved to lower sizes in successive sessions, whereby the RSI of Ethereum has also fallen under an important support point.

The index moves at 61.94, which is slightly below its latest soil at 63.00 and the weakest stand since January 8th.

If this declining trend continues until the weekend, this is very likely eth will reach a floor at $ 1,500.

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Will today's data send cryptocurrencies higher? 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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