Bitcoin on November 25th We have resumed our activities following the US Thanksgiving holiday. Overall, the cryptocurrency market was largely consolidated in today’s session, with global market capitalization he up 0.12% at the time of writing. Ethereum was also largely unchanged, with tokens falling below $1,200.
Bitcoin
Bitcoin (BTC) saw little change Friday as cryptocurrency markets consolidate following US Thanksgiving holiday There was no
Following Thursday’s high of $16,641.32,BTC/USD fell to an intraday low of $16,388.40 early in today’s session.
Today’s drop ended a 3-day winning streak andBTC approached the recent support point of $16,200.
chart, this is the 14 day Relative Strength Index (RSI) The 41.00 ceiling failed to break through
The index is currently tracking 40.04, with neither bulls nor bears capturing market sentiment.
But if the bulls can break through his 41.00 resistance point,BTC could move towards his $17,000.
Ethereum
Ethereum (ETH) fell below his $1,200 level again. today’s session.
ETH/USD reached a high of $1,203.98 and then bottomed out at $1,174.82 earlier in the day within 24 hours.
As a result of this drop,ETH/USD fell below the $1,180 support. However, as the day progressed, the price rebounded.
Ethereum currently trading at $1,196.60 with RSI at 42.75 level , which is below the 43.00 ceiling.
In addition to this, the 10-day (red) moving average is now moving sideways, which seems to be a positive signal that the recent downward pressure has eased.
If this trendline starts to shift, more ETH bulls could return to the market in anticipation of an uptrend.
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