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Bitcoin, Ethereum Technical Analysis: BTC, ETH Decline as USD Strengthens Following Retail Sales Data

November 17, 2022

Category:

Bitcoin

Bitcoin (BTC) fell for a second straight day, as markets continued to react to the latest U.S. retail sales report.

Following the better than expected increase in consumer spending, BTC/USD slipped to a low of $16,430.11 earlier in today’s session.

The drop comes a day after the token was at a high of $16,726.44, but it now seems to be heading for a recent price floor.

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