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Bitcoin, Ethereum Technical Analysis: BTC Falls From Recent High, Ahead of US Non-Farm Payrolls

February 3, 2023

Category:

Bitcoin

Bitcoin (BTC) fell lower on Friday, as market volatility rose ahead of the latest U.S. non-farm payrolls (NFP) report.

Following a high of $24,091.54 on Thursday, BTC/USD dropped to an intraday low of $23,390.38 earlier today.

Friday’s fall comes as BTC bulls were unable to sustain a breakout of a key resistance level at $24,000.

One of the reasons behind this was the 14-day relative strength index (RSI), which also failed to break out of a recent ceiling at 74.00

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