CRYPTO NEWS - Bitcoin Price Pushes for $20K Again as Investors Return to Risky Assets
Intro: (0:00)
Daily Market is in Green (1:11)
Bitcoin Pushes for $20K Again: (1:15)
Crypto News: (2:12)
Bitcoin Price: (3:41)
Ethereum Price: (4:15)
Outro: (07:32)
Bitcoin (BTC) was trading higher on Thursday, as crypto markets marginally rebounded following yesterday’s sell-off.
The token rose to an intraday high of $19,688.34 earlier in today’s session, less than a day after trading at a low of $18,927.12.
Volatility in bitcoin has been heightened in recent weeks, as markets reacted to rising inflation, as well as a stronger U.S. Dollar.
Looking at the chart, it appears that bulls are once again targeting a resistance point of $20,300, however they could face some obstacles in recapturing this point.
The obstacles will likely come in the form of the 14-day relative strength index (RSI), which is nearing a resistance of its own at 49.50
Currently, the index is tracking at 46.38, with BTC falling from earlier gains, and as of writing trading at $19,440.82.
Ethereum
Like bitcoin, ethereum (ETH) was, relatively speaking, also back in the green in today’s session, as it moved above $1,300.
Wednesday saw ETH/USD slip to a bottom of $1,267.87, however this was short lived, with bulls taking the token to a high of $1,351.96 earlier today.
The move sees the world’s second largest cryptocurrency race past a resistance of $1,330, however volatility in the market still remains.