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BITCOIN UPDATE: -Bitcoin (BTC) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report.
Despite consumer prices rising by more than expected, markets reacted positively, as speculation surrounding the report has faded.
As a result of the report, BTC/USD rose to an intraday high of $19,835.17, less than 24-hours after trading at a low of $18,642.11.
This rally has seen momentum shift once again, with several indicators now leaning more towards bullish territory.
The 14-day relative strength index (RSI) is now back above the 50.00 mark, and is tracking at 51.54 as of writing, potentially en route to a ceiling of 55.00.
Should this point be hit, then we will likely see bitcoin not only above $20,000, but edging closer to $20,500.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN UPDATE: -Bitcoin (BTC) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report.
Despite consumer prices rising by more than expected, markets reacted positively, as speculation surrounding the report has faded.
As a result of the report, BTC/USD rose to an intraday high of $19,835.17, less than 24-hours after trading at a low of $18,642.11.
This rally has seen momentum shift once again, with several indicators now leaning more towards bullish territory.
The 14-day relative strength index (RSI) is now back above the 50.00 mark, and is tracking at 51.54 as of writing, potentially en route to a ceiling of 55.00.
Should this point be hit, then we will likely see bitcoin not only above $20,000, but edging closer to $20,500.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
