Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Wednesday, as Fed Meeting Looms – Market Updates Bitcoin News

📆 2023/05/03 17:53:00
📰 BTCTN

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

BTC, ETH rebound on Wednesday, with Fed expected to raise rates by 0.25%.

) rebounded on Wednesday, as all focus in the market turned to today’s Federal Reserve rate decision ./USD surged to an intraday high of $28,881.30 earlier in the day.

This came as after bitcoin rejected a breakout below its long-term floor at $27,600 to start the week.Overall, momentum has shifted marginally higher, as the 10-day moving average approached its 25-day counterpart. Should this upwards crossover occur, this could be a signal that bulls need to intensify pressure, and potentially takeIn order for this to occur, the relative strength index will first need to surge past a ceiling at the 52.00 mark.

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:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Moves Below $28,000 Ahead of FOMC Decision – Market Updates Bitcoin NewsBitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision.
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: BTC, ETH Start Week Lower, Ahead of Key Economic Events – Market Updates Bitcoin NewsBitcoin started the week trading in the red, as markets prepared for an important week of U.S. economic events.
Source: BTCTN - 🏆 531. / 51 Read more »