is currently trading at $40,926.77, which is marginally lower than earlier highs, and comes as traders took profit at resistance.
Looking at the chart, this ceiling is at the $41,175 level, which halted the last three attempted sustained breakouts. Despite prices failing to breakout, price strength has, with the 14-day RSI trading marginally above the 44 resistance, which could be a good indication for bulls looking to sustain today’s pressure.was also trading higher on Tuesday, moving away from its multi-week lows in the process of today’s rally./USD raced to an intraday peak of $3,080.79 earlier in today’s session, which is roughly 4% up from yesterday’s low.
Monday’s bottom of $2,903.24 fell below the long-term price floor of $2,950, and hit its lowest point since March 22.Despite today’s rally, the 14-day RSI continues to hover below its ceiling at 50, and is currently tracking around 47.50. This is good news for bulls, however, any further gains in price will likely meet resistance at the $3,150 level.
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