Bitcoin, Ethereum Technical Analysis: BTC Hovers Slightly Above $20,000, as Crypto Volatility Continues – Market Updates Bitcoin News

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BTC marginally above $20,000 during volatile session on Wednesday.

Bitcoin was trading in the green for most of Wednesday’s session, as bullish pressure continued to intensify./USD was up by over $1,000 from this point earlier today.

Prices rose to a peak of $20,635.47 during the session, surging past the resistance point of $20,500 in the process.Like on Tuesday, gains have somewhat eased following a collision with this resistance level, with bitcoin now trading at $20,219.85 as of writing.move closer to a higher ceiling at $22,000.

This run may begin once we see a breakout of the current resistance level of 38.20 on the 14-day RSI indicator.was marginally higher on Wednesday also, as prices continued to trade above $1,100 following yesterday’s surge./USD has risen to an intraday high of $1,162.40 on hump day, which is marginally above a ceiling of its own.

This short-term resistance at the $1,150 level has been in place for the past seven days, however bulls look set on moving beyond this.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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