Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Consolidation, Ahead of Nonfarm Payrolls – Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Consolidation, Ahead of Nonfarm Payrolls – Bitcoin News
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BTC, ETH largely unchanged ahead of nonfarm payrolls report.

) consolidated for a third consecutive session on Friday, as the global cryptocurrency market cap remains largely unchanged at the time of writing./USD fell marginally lower in today’s session, hitting a bottom of $27,765.34.

Markets have mostly been muted following last week’s ten-month high, however a target of $30,000 still remains a short-term possibility.From the chart, today’s action comes as the relative strength index continues to hover close to a floor at 58.00 As of writing, the index is tracking at 58.37, with the 10-day moving average now on the brink of a downwards cross with its 25-day counterpart.

Should today’s NFP beat expectations, resulting in a stronger U.S. Dollar, we could see this crossover take place, sending

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