Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Wednesday, as Fed Meeting Looms – Market Updates Bitcoin News

) rebounded on Wednesday, as all focus in the market turned to today’s Federal Reserve rate decision ./USD surged to an intraday high of $28,881.30 earlier in the day.

This came as after bitcoin rejected a breakout below its long-term floor at $27,600 to start the week.Overall, momentum has shifted marginally higher, as the 10-day moving average approached its 25-day counterpart. Should this upwards crossover occur, this could be a signal that bulls need to intensify pressure, and potentially takeIn order for this to occur, the relative strength index will first need to surge past a ceiling at the 52.00 mark.

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Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision – Market Updates Bitcoin NewsBitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision.
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Start Week Lower, Ahead of Key Economic Events – Market Updates Bitcoin NewsBitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events.
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