Bitcoin rebounded strongly on Wednesday, as U.S. indices continued to fall ahead of a potential government shutdown. The U.S. government could run out of money later this week, if a deal is not reached to increase funding. Ethereum also rebounded higher in today’s session.
Bitcoin
Bitcoin bounced from a recent support point in today’s session, as traders fled to cryptocurrencies ahead of a potential U.S. government shutdown.
Following a low of $26,090.71 on Tuesday, BTC/USD surged to a peak of $26,640.40 earlier in today’s session.
The move comes as bulls recently rejected a breakout below the $26,000 level, and now look set to test the $27,000 ceiling.
Bitcoin chart by TradingView
From the chart, it appears that the rebound in price came as a result of the relative strength index (RSI) rising above a ceiling of its own at 51.00.
As of writing, price strength is tracking at 52.26, with the next visible point of resistance at the 55.00 mark.
Moving averages had recently begun
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-eth-rally-as-us-government-shutdown-fears-worry-stock-markets/
