- The week ended on solid footing for the cryptocurrency market as traders relished the sight of Bitcoin back above $30,000 and Ether above $2,000, while concerns about stubborn inflation and the threat of additional rate hikes remain in the back of investors' minds.
Data from TradingView shows that Bitcoin hit a daily high of $31,175 in the early trading hours on Friday before a sudden selloff dropped it to a low of $30,145, at which point bullish reinforcements stepped in to stop the price slide and bid it back above $30,500.
For those wondering if the market has reached a local top or if more gains are in store for the near future, crypto trader Moustache posted the following tweet highlighting a promising development in regards to the Relative Strength Index .Is it different this time? $BTC has just cracked the 70 level on the RSI.
— ????????????????? ?? April 14, 2023 Meanwhile, market analyst Caleb Franzen spotted a potentially concerning bearish divergence that could result in a price pullback in the near future.It's happening for #BTC, $ETH, & $TOTAL crypto market cap.$TOTAL - $USDT - $USDC shown below: pic.twitter.com/ETSqs7NFUw
The only people that should buy shitcoins are traders.