BTC approaches $ 17,000 because the market focus is on FOMC protocols-market tactualizations

Bitcoin approached the $ 17,000 mark on Tuesday, as the market volume begins to rise after the New Year's celebrations. This comes because retailers point their attention to the protocol report of tomorrow's Federal Open Market Committee (FOMC). Ethereum was still traded over $ 1,200 in today's session.

Bitcoin

bitcoin ( bitcoin ) approached the $ 17,000 mark on the FOMC protocol report on Tuesday directed.

bitcoin /USD in today's session a high of 16,760,45 $, which less than 24 hours after the trade in a deep $ 16,6666.92.

In today's activities, Bitcoin was about $ 16,800 shortly before the outbreak of a long -term level of resistance, since the market volatility remains high after the New Year's celebration.

id = "caption-attachment-566993" Class = "wp-caption-text"> Bitcoin /USD- Tatshart

As can be seen from the chart, the movement comes from Tuesday when the 14-day relative strength index (RSI) approached its own level of resistance.

currently the index is noted at 47.18, which is just below its resistance point at 48.00.

This upper limit seems to be the main hurdle that prevents the price from expanding the profits and moving over the $ 17,000 zone.

ether

In addition to bitcoin ether ( eth ) on Tuesday largely consolidated, whereby the prices are still being traded above the $ 1,200 mark.

after a low of $ 1,212.49 at the beginning of the year eth /USD earlier in today's session reached a maximum of 1.219.86 $.

As a result of today's movement, Ethereum approached a level of resistance of $ 1,230 that has existed since December 16.

With a view to the diagram, Ethereum could not reach this upper limit again, since the RSI of 14 days could not break the resistance at 49.00.

At the moment, the index moves at 48.90, whereby the bulls before the FOMC report tomorrow, which could be the trigger for a possible price increase, stay close at this point.

According to tomorrow's report, attention will turn to the US working unpopular figures (NFP) from Friday, which could also be a catalyst for market movements.

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could we see that Ethereum reached $ 1,300 by the end of the week? Leave your thoughts in the comments below.

Eliman Damell

Eliman brings an eclectic view of the market analysis, he was previously a broker director and trainer in retail. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange.

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