Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Markets Rebound – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Markets Rebound – Market Updates Bitcoin News
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BTC moves back above $20,000 following this week's gains.

/USD hit a low of $1,427.73, which is its weakest point since July 26, taking prices close to a key floor at $1,420.

However, gains yesterday — and so far in today’s session — have sent the token to an intraday high of $1,600.46.This sees the world’s second largest cryptocurrency climb by almost 10% from its low of $1,448.13 on Monday.continues to trade above a key support point at $1,550, and this comes as its RSI edges closer to a potential hurdle.

A ceiling of 50.00 awaits the index, which is currently tracking at 47.00, which could potentially see bears back into the market, putting a stop to the recent rebounds.Tags in this story

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