BTC over $ 18,000, ETH reaches 2-month high-market tactualizations
BTC over $ 18,000, ETH reaches 2-month high-market tactualizations
Bitcoin rose to a four-week high on Thursday when the price rose over $ 18,000 before the upcoming US inflation report. Many expect today's numbers to show a significant decline in consumer prices. Ethereum also moved higher and climbed over $ 1,400.
Bitcoin
bitcoin ( bitcoin ) on Thursday when the markets rose to a further decline in the US consumer prices prepared.
Bitcoin /USD raced in today's session to an intraday high of $ 18,268.55, less than 24 hours after the trade a low of $ 17,337.99
With today's step, Bitcoin has risen to his strongest point since December 14th when the prices reached a maximum of $ 18,385
If you look at the diagram, the rally took place when the 14-day relative strength index (RSI) continued to enter into the overbought area
At the moment, the index is now 75.98, the highest level since October 2021.
Depending on the inflation rate from this afternoon, there could be a reversal Bitcoin
ether
ut ( eth ) was also significantly higher in today's session, whereby the prices were moving to a two-month high.
after a low of $ 1,323.58 on Wednesday ETH /USD jumped to a maximum of $ 1,408,13.
As a result of this rally, the second largest cryptocurrency in the world is now in its strongest position since November 8th.
As before at Bitcoin, the movement took place when the RSI broke out from an upper limit at 69.00 and is currently 75.89.
In addition, the 10-day (red) sliding average continued its upward crossover compared to its 25-day (blue) counterpart.
If this dynamic keep this course, the next goal for bulls will probably be an upper limit of $ 1,470.
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Do you expect the inflation report to send cryptocurrencies even higher? Leave your thoughts in the comments below.
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