Bitcoin
Bitcoin remained steady today as traders awaited the Federal Reserve rate decision.
- Bitcoin’s price fluctuated between $29,097.47 and $29,382.11.
- The cryptocurrency consolidated around the $29,100 support level.
- The price strength is currently at 42.09.
- If the price remains above this level, Bitcoin could potentially reach $30,000.
Ethereum
Ethereum also experienced consolidation, trading near the $1,850 price floor.
- ETH/USD reached a peak of $1,867.32 before dropping to a low of $1,849.44.
- The 10-day moving average crossed downwards with the 25-day moving average.
- If the downward trend continues, the next support level to watch is the 40.00 zone.
Hot Take
Bitcoin and Ethereum both showed consolidation in their prices today. The Federal Reserve rate decision could potentially impact Bitcoin’s movement towards $30,000. Ethereum’s downward trend and crossing moving averages indicate a possible decline. Crypto traders should closely monitor these support levels for potential market shifts.
By
By
By
By
