Bitcoin was once again trading below a key resistance level of $27,000 on Wednesday, ahead of today’s U.S. Federal Open Market Committee (FOMC) minutes report. Markets are expecting that the minutes will show the Federal Reserve’s timeline towards a policy pivot. Ethereum was 2% lower today.
Bitcoin
Bitcoin (BTC) moved below $27,000 on Wednesday, as markets begin to prepare for the release of the upcoming FOMC minutes report.
Following a high of $27,386.99 on Tuesday, BTC/USD dropped to a low of $26,671.98 earlier in today’s session.
The move comes following two days of consecutive gains, which pushed bitcoin to a one-week high.
Bitcoin chart by TradingView
Looking at the chart, the decline came as the relative strength index (RSI) of 14 days fell below a support point at 42.00.
At the time of writing this, the index is now tracking at 41.356, with a lower floor at 39.00 a possible target for bears.
If successful in reaching this level, BTC will likely be at the $26,300 mark.
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-eth-2-lower-ahead-of-fomc-minutes/
