Bitcoin, Ethereum teknisk analys: BTC-vinster före NFP-rapport, Efter ett kors av glidande medelvärden

Bitcoin was once again trading above $30,000, as markets were anticipating the release of May’s non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800.

Bitcoin

Following a drop in price on Thursday, BTC was back in the green on Friday, as traders were preparing for the release of the non-farm payrolls report.

After adding 428,000 jobs in April, markets are expecting 325,000 jobs to be added to the U.S. economy in May.

The speculation on what this number will mean for the market has helped BTC i dag, with prices rising to an intraday peak of $30,633.03.

This comes less than 24-hours after some expected prices to move back towards support of $28,800, following a rise in bearish sentiment.

i alla fall, this sentiment has somewhat eased, and today’s surge in price has helped lead the 10-day and 25-day moving averages to an upwards crossover.

Trots detta, it will be interesting to see if bitcoin will climb to any further highs today, due to the fact that Friday’s peak sits right at a ceiling of $30,600.

Ethereum

Fastän BTC was back in the green on Friday, the same could not be said for ETH, which moved even lower in today’s session.

Following a move below $1,900 på torsdag, ETH/USD continued to slip, and fell to an intraday low of $1,789.66 tidigare idag.

This is around 1.3% lower than yesterday’s peak of $1,845.31, and comes as prices continued to move close to a new support point of $1,715.

Unlike bitcoin which rose in today’s session, ETH has yet to see an upwards cross of its two moving averages, with still a fair distance between them.

Some now believe we might see a drop towards this floor $1,715, which was last hit on May 28, with bulls choosing to enter there, as the gap between the moving averages would have tightened.

När jag skrev, ETH is trading at $1,795, however as we get closer to the NFP release, we will likely see some more price swings.

Förväntar du dig ETH to hit its support point this weekend? Lämna dina tankar i kommentarerna nedan.

Elijah Dambell

Eliman tar med en eklektisk synvinkel till marknadsanalys, efter att ha arbetat som mäklardirektör, detaljhandelsutbildare, och marknadskommentator i Crypto, Aktier och valuta.

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