BTC consolidates above $28,000, ahead of big week of U.S. economic data.
/USD rose to a high of $1,819.29 earlier in today’s session, which comes after an earlier bottom at $1,765.52.
As a result of today’s jump, ethereum bulls attempted to move towards a ceiling at $1,825, however momentum has since eased.This comes as earlier bulls seemingly abandoned their positions as the RSI ran into a wall at the 60.00 level. At the time of writing, price strength is now at the 57.77 mark, with the next visible ceiling around the 62.00 region.
In addition to this, the 10-day moving average is now nearing a downward cross with its 25-day counterpart, which could signal upcoming price weakness.Tags in this story
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