futurewithcrypto.com
In the absence of any significant changes, most crypto assets traded sideways on Friday as investors awaited next week's inflation and interest rate announcements.
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As equities fell towards the market close, conditions in the traditional markets became significantly worse.
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As a result, the S&P, Dow, and Nasdaq all ended the day in the red, down 0.7%, 0.9%, and 0.7%, respectively.
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The tech-heavy Nasdaq lost 4%, the Dow dropped 2.8%, and the S&P dropped 3.4% for the week.
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According to Trading View data, bitcoin was subjected to a wave of selling in the afternoon after holding above $17,250 during the morning session.
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Which was trying to bring it down below the key $17,000 support.
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BTC is currently trading at $17,100, representing a loss of 0.55% on the day but a gain of 0.50% on the week.
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Prices are still moving laterally and choppy, according to Kitco Senior Technical Analyst Jim Wyckoff, since "bulls and bears are on a level overall near-term technical playing field."
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The next trending price move will likely be in the direction that BC prices break out of their current trading range, according to Wyckoff.
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According to a review of analysts' tweets on Crypto Twitter, most of them have similar opinions, with many of them waiting for a definite signal from the market before taking any more action.
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