Bitcoin consolidated below the $24,000 level on Feb. 27, as cryptocurrency markets prepared for a big week of economic data. Durable goods orders from the United States will be released later today, with consumer confidence figures set for Tuesday. Ethereum rose back above $1,600, following a breakout on Sunday.
Vsebina
Bitcoin
Bitcoin (BTC) has largely been in consolidation in today’s session, as markets prepare for a big week of U.S. economic activity data.
Po nizki vrednosti $23,165.23 on Sunday, BTC/USD rose to an intraday high of $23,654.37 prej na današnji seji.
The move comes as bitcoin bulls continued to climb higher, following a breakout of the $23,000 level on Saturday.
Since reaching the day’s peak, prices have somewhat slipped, with the world’s largest cryptocurrency currently trading at $23,408.54.
This appears to come as the 14-day relative strength index (RSI) failed to break out of a resistance level of 53.00
Od pisanja, the index is currently tracking at a reading of 51.95, with the next visible point of support at 50.00.
Ethereum
Ethereum (ETH), po drugi strani, has been predominantly bullish to start the week, with prices rising back above $1,600.
ETH/ameriški dolar, which dropped to a bottom of $1,597.21 on Sunday, surged to a peak of $1,645.91 prej čez dan.
Prices have mostly climbed in the past few days, after falling to a low of $1,557 za začetek vikenda.
Like with bitcoin, earlier gains have eased, as the RSI collided with a wall at the 54.00 označiti.
Since this collision, price strength has declined, with the RSI now tracking at 53.04, in ETH trading at $1,638.06.
Should ETH bulls intend to take price back towards the $1,700 označiti, the first step in this journey would be to move past the 54.00 ceiling.
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