BTC prices shaken because the Fed leaves the interest unchanged-market tactualizations

The markets for cryptocurrencies were volatile on Thursday, since the dealers apparently responded to the decision of the Federal Reserve to leave the interest rates unchanged. Bitcoin and Ethereum were both faced with price uncertainty, since the markets are now expecting an increase in March.

Bitcoin

after he had ran to the resistance of $ 40,000 on Wednesday and acted over $ 38,000, Bitcoin /USD used to fall to a low of $ 35,690.05

the movement comes on Thursday when market uncertainty within crypto increased, which meant that today's candlestick formed a doji, which normally means that prices are neither bullish nor bearish.

After this uncertainty, the market thickness now moves at the RSI level of 30, which means that we are still in the oversized area.

This RSI level seems to be a resistance point, which could be the reason for today's inactivity of prices, which leads to the fact that dealers are waiting for whether a breakout is imminent.

Overall, the short-term momentum continues to point upwards, as can be seen on the current rising triangle, which will be hoped for a resistance target of $ 40,000.

Many will now wait and see whether this dynamic continues on Friday until the coming weekend.

ether

eth was almost 5 % lower than yesterday, however the prices seemed to consolidate, in contrast to a sale.

after a high of $ 2,705.78 on Wednesday, that saw eth /USD brach into the fibonacci resistance level of 0.236, the prices today fell to a low of $ 2,366.13

This drop in prices led to the markets reaching an apparently short-term support point of $ 2.390, which is an area in which ETH this week mainly acted.

If you look at the current RSI trend, similarities can also be determined bitcoin Tracking at or under 30.

Is this the key indicator that dealers are currently paying attention to before they go into new positions? 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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