Bitcoin and ethereum were trading lower on Feb. 28, as markets anticipated the release of the upcoming U.S. consumer confidence report. The data, which is for February, is expected to show a slight increase in confidence for the month. This will likely result in the Federal Reserve maintaining its rate hike policy next month.
Bitcoin
Bitcoin (BTC) fell for a second straight session on Tuesday, as prices flirted with a breakout below $23,000.
BTC/USD moved to an intraday low of $23,205.88 earlier in today’s session, which comes less than 24 hours after hitting a high of $23,857.89.
The move comes after bulls were unable to jump back above the $24,000 mark on Monday, with bears using this as an opportunity to reenter.
Looking at the chart, the 14-day relative strength index (RSI) also failed to break out of a resistance of its own at 53.00
At the time of writing, the index is trading at 52.46, with bitcoin slightly higher than its earlier low.
BTC is now trading at $23,466.92, with a move back towards $23,800 still on the cards.
Ethereum
Bitcoin'e ek olarak, ethereum (ETH) also stuttered in today’s session, with prices moving close to the $1,600 level.
Haftaya başlamak için 1,662.58$'lık yüksek bir seviyenin ardından, ETH/USD günün erken saatlerinde 1,615.39$'a düştü.
This recent decline comes after a failed attempt to move past a long-term resistance level of $1,675.
Additionally, price strength has also hit a ceiling at the 53.00 mark, with the index tracking at 52.74.
Ultimately this consolidation, which is almost identical to bitcoin’s, comes as markets wait for this afternoon’s consumer confidence report, before deciding which direction to take.
Ancak, ETH bulls break the 53.00 ceiling on the RSI, there is a good chance that price could be heading to or above $1,700.
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Feragatname: Bu makale bilgilendirme amaçlıdır. Satın alma veya satma teklifinin doğrudan bir teklifi veya talebi ya da herhangi bir ürün, hizmet veya şirketin tavsiyesi veya onayı değildir. Bitcoin.com yatırım, vergi, yasal veya muhasebe danışmanlığı sağlamaz. Ne şirket ne de yazar, doğrudan veya dolaylı olarak, bu maddede belirtilen içerik, mal veya hizmetlerin kullanımından veya bunlara güvenilmesinden kaynaklanan veya bunlarla bağlantılı olduğu iddia edilen hasar veya kayıplardan doğrudan veya dolaylı olarak sorumlu değildir.
Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-eth-slip-ahead-of-us-consumer-confidence-report/