Bitcoin, Ethereum Technical Analysis: BTC Hits Fresh 3-Week High, Ahead of US Inflation Report – Market Updates Bitcoin News

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BTC hits a 3-week high, ahead of today's inflation report.

As a result of this earlier breakout,/USD fell to a low of $1,682.43 in today’s session, which was short lived, as bulls swiftly reentered, sending prices higher.

This resulted in a peak of $1,752.76, and as of writing, the world’s second largest cryptocurrency is trading at $1,740.88.Following a move beyond a ceiling of 59.55 to start the week, the RSI is now tracking below this level, with bearish sentiment still present. Despite this, many still expect the token to climb above $1,800 this week, largely due to The Merge, but also the crossover between the 10-day and 25-day moving averages.

Should these trend lines continue on their current paths, we will likely see further surges in price in the coming weeks.Tags in this story

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

I managed to make successful trades on bitfinex

Aaaaand... it's gone

This didn't age well...Time for Momma to buy more BTC 👏

stackspace_ Awesome

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Always on time!

Lol..take a look a again BTC now is Dumping hahaha

Not for long it is down again as well as several other assets

Whyy is everyone silentt aboutt this?

Jinx

Rising inflation 🤝 Rising bitcoin adoption

Why is nooboody talkingXBLF aboout this?

Whyyy ain’t nobody talking about this?

Your tweet timing is absolutely horrible :D

Get more coins👉

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Why is nooboody talking aboout this?

Whyyy ain’t nobody talking about this?

Makes sense

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