Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Black Friday

Bitcoin was marginally little connected Nov. 25, arsenic markets returned to enactment pursuing the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly successful consolidation successful today’s session, with the planetary marketplace headdress up 0.12% arsenic of writing. Ethereum was besides mostly unchanged, with the token hovering beneath $1,200.

Bitcoin

Bitcoin (BTC) was mostly unchanged connected Friday, arsenic cryptocurrency markets consolidated, pursuing the U.S. Thanksgiving holiday.

Following a precocious of $16,641.32 connected Thursday, BTC/USD fell to an intraday debased of $16,388.40 earlier successful today’s session.

Today’s diminution saw a three-day winning streak snapped, with BTC moving person to a caller enactment constituent of $16,200.

BTC/USD – Daily Chart

Looking astatine the chart, this comes arsenic the 14-day comparative spot scale (RSI) failed to interruption retired of a ceiling astatine 41.00

The scale is presently tracking astatine 40.04, with neither bulls oregon bears taking clasp of marketplace sentiment.

However, should bulls negociate to interruption retired of the 41.00 absorption point, past we could apt spot BTC determination towards $17,000.

Ethereum

Ethereum (ETH) was erstwhile again beneath $1,200, arsenic the world’s 2nd largest cryptocurrency besides consolidated successful today’s session.

ETH/USD fell to a bottommost of $1,174.82 earlier successful the day, which comes little than 24 hours aft hitting a precocious of $1,203.98.

As a effect of this drop, ETH/USD slipped beneath enactment astatine $1,180. However, arsenic the time has progressed, terms has rebounded.

ETH/USD – Daily Chart

Currently, ethereum is trading astatine $1,196.60, with the RSI tracking astatine a level of 42.75, which is beneath a ceiling astatine 43.00.

In summation to this, the 10-day (red) moving mean is presently trending sideways, which seems to beryllium a affirmative awesome that caller downward unit has eased, for now.

Should this inclination enactment statesman to shift, we could spot much ETH bulls instrumentality to the market, successful anticipation of an uptrend.

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Could we spot ETH deed $1,300 earlier the extremity of the month? Leave your thoughts successful the comments below.

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