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Bitcoin, Ethereum And Dogecoin Lag The General Market, But Is A Weekend Surge In The Cards?

Benzinga Real-time News ·  Jan 27, 2023 17:21

Bitcoin(CRYPTO: BTC) was trading slightly higher during Friday's 24-hour trading session, lagging the general market, which saw theS&P 500popping up about 0.6% with many tech stocks rocketing higher following Tesla's positive earnings print.

The crypto sector had become detached from the general market recently, with Bitcoin,Ethereum(CRYPTO: ETH) andDogecoin(CRYPTO: DOGE) trading mostly sideways.

The sideways consolidation is healthy and needed because the three cryptos' relative strength indexes reached overbought territory after massive surges in price, which started in late December. Continued sideways consolidation would help to drop the three cryptos' RSI levels.

RSI...

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