Bitcoin's Rally Continues Amid Technical Analysis and Banking Turmoil
TL;DR
Bitcoin consolidated above $28,000 as volatility in crypto markets remained high, while Ethereum traded above $1,800 with traders targeting a breakout above a key resistance level. The 14-day relative strength index (RSI) failed to move beyond a ceiling at 65.00 for Bitcoin, while Ethereum bulls attempted to move towards a ceiling at $1,825, however momentum has since eased. Markets are preparing for a big week of U.S. economic data, with the headline being Friday’s nonfarm payrolls, which are expected to fall to 238,000 jobs.
Topics:businesscryptocurrency#bitcoin#consolidation#cryptocurrency#economic-data#ethereum#resistance-level
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