Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher Ahead of Today’s Rate Decision – Market Updates Bitcoin News

Bitcoin

The move came as bitcoin used its recent support point of $37,500 as a springboard, and bounced towards its highest point this week in the process.This rebound came as a herd of bulls burst through the gates, and pushed past a major ceiling within the RSI indicator.

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Same situation we saw in May 2000 when inflation is the reason for the Fed choosing to go for that king-sized bump,” says. “The difference is whereas inflation was above 2%, now it’s currently almost 7%.”

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