CoinCodex: Bitcoin and Ethereum Prices Consolidate After a Positive Sentiment Fueled Upsurge
The duo of Bitcoin (BTC) and Ethereum (ETH) are experiencing a general and sweeping price consolidation as the two leading coins taper down their bullish momentum picked earlier this week. Despite the current outlook, BTC is effectively trading above its 50, 100, and 200-Day Moving Averages, a trend that implies the digital currency is not in a bad place despite being on a consistent downtrend since it hit its all-time high (ATH) back in November last year.
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