Bitcoin recovers because Russia tries to regulate crypto -
Bitcoin recovers because Russia tries to regulate crypto -
After the price consolidation on Tuesday, the Bitcoin prices recovered on the humpel day when the markets reacted to the news that Russia will regulate and not prohibit.
Bitcoin
Bitcoin was slightly higher on Wednesday, since the world's greatest cryptocurrency was boosted by the news about Russia.
bitcoin /USD came to an intraday high of today $ 44,312.45 when the bulls entered the race after yesterday's consolidation
The movement has meant that the prices approach the level of $ 45,000, but Bitcoin must first overcome resistance at $ 44,800.
Nevertheless, many believe after the upward cross of the sliding average of ten days (red) and 25 days (blue) that it is inevitable that prices will rise to $ 50,000.
This could be a bull trap, since the 14-RSI indicates the opposite that is currently 63.5, which is not only in the overbought area, but also at the highest level since November.
Many believe that the upper limit for the price strength on a daily chart could be 68, which could at least reduce hopes for long-term bulls at least for the time being.
ether
Ethereum approached a three-week high during the session on Wednesday when prices approached their long-term resistance of $ 3,400.
eth /USD on an intraday high of 3.163.40 $, when bulls bought with a support of $ 3,022.
This movement takes place, since the 14-day RSI is currently 59, the highest level since November 12th when the prices over $ 4,400 were.
similar to bitcoin matured, but given the currently overbought price strength, bears could still lurk.
are there other hurdles for eth on the way to 3,400 $? Leave your thoughts in the comments below.
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