BTC nears key resistance level, as markets react to Chinese GDP figures.
Following a low of $1,529.57 to start the week,Prices have since slipped, and as of writing, the world’s second largest cryptocurrency is trading at $1,569.75.Overall, with prices significantly overbought, and with bullish momentum seemingly at its peak, many expect a reversal could be on its way.
Currently the RSI of 14 days is tracking at 83.84, which is its highest level since August 2020, when price was trading below $1,200. Although there are still long-term bulls, it is likely that ethereum could move into consolidation up until price strength is in more neutral territory.Tags in this story
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Breakingviews - Chinese GDP surprise sets expectations too highThe Chinese economy grew 3% in 2022, the government reported, beating forecasts but way below the official 5% target. Ending consumption-suppressing policies is removing drags on growth, but with fiscal coffers low, and debt and inflation rising, China is short on tools to drive growth.
Leer más »
Forex Today: Chinese GDP Growth SlowsChinese GDP at 2.9%; Japanese Bond Yields Breach Ceiling; Gold, Canada Inflation Data Due Today.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Recent Highs – Market Updates Bitcoin NewsBitcoin consolidated on Jan. 16, as U.S. markets closed in celebration of the Martin Luther King Jr. Day holiday celebration.
Leer más »
IMF says fragmentation could cost global economy up to 7% of GDPA severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report.
Leer más »
AUD/USD surpasses 0.7000 as USD Index refreshes seven-month low, China’s GDP eyedThe AUD/USD pair has surpassed the psychological resistance of 0.7000 for the first time in the past five months in the Asian session. The Aussie asse
Leer más »
IMF: Fragmentation could shave up to 7.0% off of global GDPIn a new staff report published on Sunday, the International Monetary Fund (IMF) said that a severe economic fragmentation of the global could cost gl
Leer más »