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Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report – Market Updates Bitcoin News

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BTC, ETH surge as market nerves ease, following U.S. inflation data.

) remained above $22,000 on Wednesday, with traders continuing to digest the latest inflation report in the United States./USD rallied to an intraday peak of $22,293.14 earlier today.

Today’s move pushes the world’s largest cryptocurrency back towards a key resistance level of $22,500.Looking at the chart, the 14-day relative strength index also appears to be edging closer to a ceiling of its own at 60.00 As of writing, price strength is currently at a reading of 51.96, which is its strongest point in the last seven days.could not only break $22,500, but could also collide with the $23,000 mark.

 

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