Bitcoin rebounded from Tuesday’s losses, as all focus in the market turned to today’s United States Federal Reserve rate decision. It is widely expected that the Fed will hike rates by 25 basis points in May’s meeting. Ethereum also moved higher, nearing $1,900 in the process.
Bitcoin
Bitcoin (BTC) rebounded on Wednesday, as all focus in the market turned to today’s Federal Reserve rate decision .
Following a low of $27,935.73 on Tuesday, BTC/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.
Bitcoin chart by TradingView
Overall, momentum has shifted marginally higher, as the 10-day (red) moving average approached its 25-day (blue) counterpart.
Should this upwards crossover occur, this could be a signal that bulls need to intensify pressure, and potentially take BTC back above $30,000.
In order for this to occur, the relative strength index (RSI) will first n
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-eth-rebound-on-wednesday-as-fed-meeting-looms/
