Bitcoin, Ethereum Technical Analysis: BTC Under $27,000, ETH Hits 1-Month Low Ahead of US Inflation Repor. Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.
Register your email here to get weekly price analysis updates sent to your inbox:tBitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.
Register your email here to get weekly price analysis updates sent to your inbox:Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.
Register your email here to get weekly price analysis updates sent to your inbox:Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.

Register your email here to get weekly price analysis updates sent to your inbox:

Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.
Register your email here to get weekly price analysis updates sent to your inbox:Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.
Register your email here to get weekly price analysis updates sent to your inbox:Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.
Register your email here to get weekly price analysis updates sent to your inbox:Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.
Register your email here to get weekly price analysis updates sent to your inbox:Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low.

Bitcoin

Bitcoin (BTC) fell for a fifth consecutive day, as markets prepared for the release of last month’s U.S. consumer price index (CPI)
BTC/USD dropped to a low of $26,561.10 earlier in the day, which comes less than 24 hours after trading at a high of $27,258.45.
Thursday’s sell-off has seen the world’s largest cryptocurrency remain near its lowest point since the end of September.
BTC/USD – Daily Chart
Looking at the chart, the move pushed the relative strength index (RSI) to a support point at the 44.00 level.
Price strength has since marginally rebounded, and at the time of writing, is tracking at 45.28.
This floor may serve as a buffer ahead of the inflation report, which could then trigger an increase in volatility.

Ethereum

Ethereum (ETH) also experienced a plunge in price, with the cryptocurrency falling to a multi-week low.
Following a high of $1,576.40 on Wednesday, ETH/USD dropped to a bottom at $1,538.26 earlier in the session.
As a result, ethereum has now fallen to its weakest point since September 11, when the price traded below its $1,540 support point.
ETH/USD – Daily Chart
The downtrend comes following a recent crossover of the 10-day (red) moving average and its 25-day (blue) counterpart.
Due to this bearish momentum, the RSI has fallen to a current reading of 36.88, which suggests volumes are marginally oversold.
This could prompt bulls to consider buying the dip, depending on today’s inflation report.
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