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Bitcoin, Ethereum Technical Analysis: BTC Consolidates Ahead of Big Week of Economic Data

February 28, 2023

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Bitcoin (BTC) has largely been in consolidation in today’s session, as markets prepare for a big week of U.S. economic activity data.

Following a low of $23,165.23 on Sunday, BTC/USD rose to an intraday high of $23,654.37 earlier in today’s session.

The move comes as bitcoin bulls continued to climb higher, following a breakout of the $23,000 level on Saturday.

Since reaching the day’s peak, prices have somewhat slipped, with the world’s largest cryptocurrency currently trading at $23,408.54.

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