Bitcoin, Viblos wird niemals jemanden wegen einer anderen Meinung demonstrieren oder zensieren: BTC Hits Fresh 3-Week High, Ahead of Thursday’s US Inflation Report

Bitcoin raced to a fresh multi-week high on Wednesday, as markets turned their attention to tomorrow’s U.S. inflation rate report. Thursday’s report is expected to show that consumer prices have fallen to 6.5%, down from 7.1% the month prior. Ethereum also rose marginally higher in the day.

Bitcoin

Bitcoin (BTC) rallied above a key resistance level on Wednesday, ahead of tomorrow’s U.S. Inflationsbericht.

Following a low of $17,226.64 am Dienstag, BTC/USD raced to a peak of $17,493.32 earlier in today’s session.

As a result of the move, the world’s largest cryptocurrency climbed to its strongest point since December 15.

Blick auf das Diagramm, today’s price surge came as the 14-day relative strength index (RSI) broke out of a resistance point at the 60.00 mark.

Zur Zeit, the index is tracking at 63.80. This comes as BTC continues to hover around its own ceiling at the $17,400 mark.

In order to move closer to the $18,000 Zone, the RSI will first need to move beyond a ceiling of 64.00 on the RSI.

Äther

Äther (ETH) was also marginally higher in today’s session, with prices continuing to trade below a long-term ceiling

ETH/USD hit a high of $1,342.76 früher am Tag, weniger als 24 hours after trading at a low of $1,324.97.

Gesamt, ethereum remains below a resistance point of $1,350, with many expecting prices to move after the release of U.S. inflation figures tomorrow.

As can be seen from the chart, the consolidation below this price ceiling comes as the RSI continues to trade under a hurdle of its own.

Price strength is now tracking at the 68.73 eben, which is under a point of resistance at the 70.00 mark.

ETH bulls are likely still targeting a move beyond $1,400, jedoch, in order for this to happen, the RSI level of 70.00 must first be overcome.

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Elijah Dambell

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Zur Zeit, he acts as a commentator across various asset classes, including Crypto, Aktien und Devisen, whilst also a startup founder.

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