Bitcoin, Ethereum Technical Analysis: BTC Nears Fresh 9-Month High as Fed Meeting Looms – Market Updates Bitcoin News

) closed in on a fresh nine-month high in today’s session, as markets continued to anticipate today’s Federal Reserve rate decision./USD surged to an intraday peak of $28,439.56 earlier in today’s session.

The move sees bitcoin move back towards a recent nine-month high, which was recorded earlier in the week.This latest surge in price comes as the 14-day relative strength index attempted to break out of a ceiling at 72.00 As of writing, the index is tracking at 71.70, which is its highest reading since early-February, and deep in overbought territory.

Traders are likely waiting for this afternoon’s announcement prior to attempting to move beyond this point.

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