Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting – Market Updates Bitcoin News

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BTC, ETH above $19,000 and $1,300 respectively, ahead of Wednesday's FOMC rate decision.

/USD hit an intraday high of $19,639.48 earlier in today’s session, as prices rebounded from losses to start the week.

The move came as bulls rejected an attempt to move below yesterday’s floor of $18,645, instead using this as a point of reentry.Looking at the chart, today’s gains have seen the 14-day relative strength index move away from yesterday’s bottom below the 38.00 point. The RSI is currently tracking at 39.69.

The next step for bulls would be to recapture the $20,000 level, however the current level of market volatility will make this no easy feat. As of writing, the token is trading at $19,117.06, as earlier gains have somewhat diminished, prior to the rates decision.

 

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Bitcoin dropped under 19k USDT now, so maybe we are going to see a new bottom.

I knew BTC below $19K wouldn't last for long. Especially after MicroStrategy bought it.

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