was back in the green on Thursday, as bulls bounced back following yesterday’s drop, which sent prices to a one-month low./USD trade at a bottom of $38,555.90, however the momentum swung today, with prices hitting an intraday high of $39,798.51.
This rebound saw the world’s largest cryptocurrency move past its long-term resistance level of $39,700, prior to tailing off.Gains eased as historic uncertainty crept up on bulls, with some opting to take profits for now, rather than attempting to break through $40,000. Looking at the chart, the 14-day RSI also broke through its own resistance of 43, after a brief stint below 40, and is now tracking towards a higher ceiling of 45 .
Today’s bulls, who have not given up earlier positions, will likely look at that 45 RSI level as an ideal point to exit, when price will likely be above $40,000.
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