BTC, ETH Lower, before the key week of US economic data-market tactualizations

Bitcoin fell under $ 23,000 on January 31, after it had recently risen to a five -month high on weekends. The market volatility has increased since then because the dealers are preparing for a few big days with economic data from the United States. The conference committee will publish its consumer confidence report during the day, while the Federal Reserve holds its political meeting on Wednesday. Ethereum has also dropped today.

Bitcoin

bitcoin ( bitcoin ) fell from a recent five-month high on Tuesday, whereby the prices in today's session under the mark of 23,000 $ Found.

Bitcoin /USD fell to a low of $ 22,657.58 after it reached a high with 23.296.53 $ had.

The step takes place because the dealers apparently made profits from the recent price jumps and before the upcoming political decision of the Federal Reserve.

As can be seen from the graphic, the current Caseings bitcoin close to a price limit of $ 22:500 (RSI) reaches its own lower limit.

The index is currently moving at 68.78, which is slightly above its long -term support point at 68.00

Although an upper limit of 77.00 could be the goal for bulls that rejected an earlier outbreak, it is likely that prices could consolidate until the dust has laid out by the fundamental data of this week.

ether

In addition to bitcoin ether ( eth ) was also in minus in today's session, whereby the prices fell below $ 1,600.

after a high of $ 1,595.86 at the beginning of the week eth /USD on Tuesday slipped on an intraday deep stand of 1.546.66 $.

Since reaching a four -month high of $ 1,680 on January 21, the second largest cryptocurrency in the world has largely consolidated.

Many on the market saw this a little, as the prices were significantly overbought and the RSI fluctuated between 70.00 and 87.00

Since then, the price strength has increased significantly, and at the time of writing this article, the index is currently 57.02.

ETH has already recovered from earlier lows and is currently at 1,571.37 $, whereby the bulls are certainly another run in the direction of 1.600 Will make $ zone.

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Do you expect Ethereum to rise again this week over $ 1,600? 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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