Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level.
Bitcoin (BTC) consolidated in today’s session, as markets were preparing for the release of the latest U.S. retail sales figures.
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As inflation falls, sales for April are expected to rise by 0.8%, following two consecutive months of declines.
Following an earlier high of $27,646.35, BTC/USD slipped to an intraday low of $26,878.95 on Tuesday.
Price has since rebounded, and at the time of writing, bitcoin is trading at $27,097.23.
A failed breakout of the 42.00 mark on the relative strength index
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