{"id":185,"date":"2022-10-13T14:47:19","date_gmt":"2022-10-13T14:47:19","guid":{"rendered":"http:\/\/live-script.xyz\/bitcoin-ethereum-technical-analysis-btc-below-19000-following-fomc-minutes\/"},"modified":"2022-10-13T14:47:19","modified_gmt":"2022-10-13T14:47:19","slug":"bitcoin-ethereum-technical-analysis-btc-below-19000-following-fomc-minutes","status":"publish","type":"post","link":"https:\/\/live-script.xyz\/bitcoin-ethereum-technical-analysis-btc-below-19000-following-fomc-minutes\/","title":{"rendered":"Bitcoin, Ethereum Technical Analysis: BTC Below $19,000 Following FOMC Minutes"},"content":{"rendered":"
Bitcoin was trading below $19,000 on Thursday, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes. In the minutes, the Federal Reserve hinted at upcoming hikes, while also acknowledging a level of surprise at the rate at which inflation has risen. Ethereum moved below $1,300 in today\u2019s session.<\/strong>\n<\/p>\n \n September\u2019s minutes showed that the U.S. Federal Reserve was relatively surprised at the rate at which inflation has risen, whilst also signaling the prospect of upcoming rate hikes.<\/p>\n As a result of the report, BTC<\/a>\/USD fell to an intraday low of $18,642.11, after a brief rally in yesterday\u2019s session.<\/p>\n Today\u2019s sell-off takes the token to its lowest point since September 28, and close to a support of $18,600 in the process.<\/p>\n Looking at the chart, the 14-day relative strength index (RSI) has also broken out of its floor at 41.00, which could be a sign of further bearish pressure.<\/p>\n So far, the token has marginally rebounded from earlier lows, and as of writing, is trading at $18,714.45.<\/p>\n \n The world\u2019s second largest cryptocurrency fell below $1,300 earlier in today\u2019s session, hitting a low of $1,232.93 in the process.<\/p>\n Like with bitcoin, this is the lowest price that ETH<\/a>\/USD has hit since late-September, and should it move below this, it will hit a bottom not seen since July.<\/p>\n Yesterday\u2019s upwards crossover between the 10-day (red) and 25-day (blue) moving averages now seems to be shifting course, following today\u2019s drop.<\/p>\n A slight position for ethereum bulls, is that the token has moved away from the day\u2019s low, following a collision with a support point of $1,235.<\/p>\nBitcoin<\/h2>\n
\nBitcoin (BTC<\/a>) was back in the red on Thursday, as markets reacted to the latest Federal Open Market Committee (FOMC) minutes.<\/p>\nEthereum<\/h2>\n
\nIn addition to BTC<\/a>, ethereum (ETH<\/a>) was also lower on Thursday, as the token slipped below a key mark of its own.<\/p>\n