BTC, ETH consolidate as markets await U.S. GDP data.
Following a low of $1,208.03 in Tuesday’s session,The move sees the world’s second largest cryptocurrency continue to be a stone’s throw away from a ceiling at $1,230.Despite the prospect of higher highs, overall momentum seems relatively bearish, with the 10-day moving average extending a crossover with its 25-day counterpart.
As can be deduced from the chart, the RSI also looks set for a down trend, as it failed to break out of its current ceiling at 47.00 In order for bullish sentiment to return, it is likely that a move beyond this resistance will need to take place.Tags in this story
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