Bitcoin, Tehnična analiza Ethereuma: 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.

Vsebina

Bitcoin

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

Po nizki vrednosti $17,226.64 v torek, BTC/USD raced to a peak of $17,493.32 prej na današnji seji.

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

Bitcoin, Ethereum Technical Analysis: BTC Hits Fresh 3-Week High, Ahead of Thursday’s US Inflation Report
BTC/USD – dnevni grafikon

Pogled na grafikon, today’s price surge came as the 14-day relative strength index (RSI) broke out of a resistance point at the 60.00 označiti.

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

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.

Ethereum

Ethereum (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 prej čez dan, manj kot 24 hours after trading at a low of $1,324.97.

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

Bitcoin, Ethereum Technical Analysis: BTC Hits Fresh 3-Week High, Ahead of Thursday’s US Inflation Report
ETH/USD – dnevni grafikon

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 level, which is under a point of resistance at the 70.00 označiti.

ETH bulls are likely still targeting a move beyond $1,400, vendar, 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. Trenutno, he acts as a commentator across various asset classes, including Crypto, Delnice in FX, whilst also a startup founder.




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