בטק, ETH צעטל פאָרויס פון יו. עס. קאָנסומער צוטרוי באריכט - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

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.

ביטקאָין

ביטקאָין (בטק) fell for a second straight session on Tuesday, as prices flirted with a breakout below $23,000.

בטק/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.

בטק is now trading at $23,466.92, with a move back towards $23,800 still on the cards.

עטהערעום

אין אַדישאַן צו ביטקאָין, עטהערעום (עטה) also stuttered in today’s session, with prices moving close to the $1,600 level.

נאָך אַ הויך פון $ 1,662.58 צו אָנהייבן די וואָך, עטה/ וסד געפאלן צו אַ דנאָ פון $ 1,615.39 פריער אין דעם טאָג.

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.

אָבער, זאָל עטה bulls break the 53.00 ceiling on the RSI, there is a good chance that price could be heading to or above $1,700.

פאַרשרייַבן דיין E- בריוו דאָ צו באַקומען וויקלי דערהייַנטיקונגען פון פּרייַז אַנאַליסיס געשיקט צו דיין ינבאָקס:

Do you expect US consumer confidence to rise this month? Leave your thoughts in the comments below.

אלימאן דאמבעל

עלימאַן איז געווען פריער אַ דירעקטאָר פון אַ לאָנדאָן-באזירט בראָוקערידזש, בשעת אויך אַן אָנליין טריידינג עדזשאַקייטער. דערווייַל, ער קאָמענטירט אויף פאַרשידן אַסעץ קלאסן, אַרייַנגערעכנט קריפּטאָ, סטאַקס און פקס, בשעת אויך אַ סטאַרטאַפּ גרינדער.