Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $1,700 level.
Bitcoin
Bitcoin (BTC) climbed marginally higher on Wednesday after the price bounced off a recent support point.
Following a low of $27,216.00 on Tuesday, BTC/USD surged to a peak of $27,632.90 earlier in the day.
The move pushed bitcoin further away from a recent floor of $27,200, and closer to a ceiling at $27,800.
Bitcoin chart by TradingView
From the chart, it appears that the rebound comes as the 14-day relative strength index (RSI), bounced from a support level of its own at 58.00.
At the time of writing this, price strength is now tracking at 60.52, with the next visible point of resistance at 67.00.
Should this upcoming ceiling be broken, then there is a good chance that BTC will re-enter the $28,000
We współpracy z: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-rebounds-from-key-price-floor-on-wednesday/
