Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher Following Monday's Declines
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Loading... - Darcy Lloyd
- 24 Aug 2022
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Crypto markets were back in the green on Tuesday, as bearish pressure marginally eased during today’s session. Ethereum rallied back above $1,600 earlier in the day, less than 24 hours after nearing a breakout below $1,500. Bitcoin was also higher, movi
Bitcoin
Bitcoin (BTC) prices were trading marginally higher on Tuesday, as crypto prices rebounded following recent losses.
Following a low of $20,955.14 to start the week, BTC/USD rose to a high of $21,521.70 earlier in the day.
Tuesday’s move comes as prices continue to move away from a key support point of $20,800, as bulls attempt to reject a breakout.
As seen on the chart, the rebound came as another breakout attempt had failed, this time on the 14-day relative strength index (RSI).
The floor, which is the 37.40 level of the indicator, held firm in today’s session, and as of writing is tracking at 38.48. Read More…
