Bitcoin, Ethereum teknisk analys: BTC flyttar över $17,000 på onsdag

Bitcoin moved to $17,000 på onsdag, as markets continued to digest the U.S. consumer confidence report. Confidence amongst consumers fell to its lowest level since July, despite inflation easing in the world’s largest economy. Ethereum remained higher, edging closer to $1,300.

Bitcoin

Bitcoin (BTC) briefly rose above $17,000 i dagens pass, as traders reacted to the latest U.S. consumer confidence report.

Despite falling to a six-month low, the decline in confidence was less than expected, which was a relatively positive sign for markets.

Efter en låg av $16,366.66, BTC/USD rose to an intraday peak of $17,021.67 tidigare på dagen.

BTC/USD – Dagligt diagram

i alla fall, following the breakout of $17,000, which has also been a long-term resistance level, some earlier bulls moved to secure gains, exiting their positions in the process.

När jag skrev, BTC is trading at $16,832.07, with the 14-day relative strength index (RSI) tracking at 45.72, below a ceiling of 46.00.

Should price strength continue in an upward direction, and move beyond this upcoming obstacle, then bitcoin could extend today’s rally.

Ethereum

Like BTC, eterum (ETH) also moved higher on Wednesday, as prices surged for a second success session.

ETH/USD hit a peak of $1,276.55 tidigare under dagens pass, which comes less than 24-hours after trading at a low of $1,205.78.

As a result of today’s gains, the world’s second largest cryptocurrency hit its highest point since November 15.

ETH/USD – Dagligt diagram

Tittar på diagrammet, the move has pushed the 10-day (red) moving average closer to its 25-day (blue) counterpart, with an upward crossover imminent.

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In addition to this, the RSI is now tracking at 51.27, which is above a key resistance level at the 50.00 märke.

The target for ETH bulls appears to be the $1,300 level, which was last hit on November 11, when the coin was at a peak of $1,307.

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Taggar i denna berättelse

Do you expect ethereum to start December above $1,300? Lämna dina tankar i kommentarerna nedan.

Elijah Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. För närvarande, he acts as a commentator across various asset classes, including Crypto, Aktier och valuta.




Bildkrediter: Shutterstock, Pixabay, Wiki Commons

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