Bitcoin rose back above $25,000 on Friday, as markets continued to digest recent U.S. economic data. Yesterday saw retail sales climb higher than expected, rising by 0.3% in May, better than a projected decline of 0.1%. Ethereum moved closer to the $1,700 level.
Bitcoin
Bitcoin bulls made a brief appearance during Friday’s session, pushing the price back above $25,000 in the process.
Following a low of $24,797.17 on Thursday, BTC/USD raced to an intraday peak of $25,735.31 earlier in the day.
As a result of the move, the world’s largest cryptocurrency climbed above a recent ceiling at the $25,500 mark.
Bitcoin chart by TradingView
Despite today’s $1,000 jump in price, the relative strength index (RSI) still remains below a resistance of its own at 42.00
At the time of writing, the index is tracking at 41.00, which could act as a major hurdle to further upwards momentum.
It will be interesting to see how traders behave over the coming weekend, with the chance to buy this week
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-eth-rebound-on-friday-as-markets-digest-us-retail-sales-data/
