Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, Coinbase Confirms Holding 2 Million BTC – Market Updates Bitcoin News

/USD raced to a peak of $1,175.13 on Wednesday, which comes less than 24 hours after hitting a low of $1,096.66.

Today’s rally led to ethereum moving past a key resistance level of $1,170, hitting its highest point since Sunday in the process.Since this collision, market uncertainty has increased, with the world’s second largest token now trading below earlier highs. This comes as the RSI also hit a wall, with the index currently tracking at 40.26, which is marginally below a ceiling of 40.30.

Bulls are likely targeting a reentry on the $1,200 zone, however price strength will first need to overcome this current obstacle.Tags in this story

I managed to open a long on bitfinex in time and am waiting for the growth to continue

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Thats nice!

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BNB

Thats nice!!

glad to see that crypto is bouncing back. Let's hope that its the beginning of a recovery

FACT

More like the squeeze on the shorts more pain to come …

FACT

BNB

I'm happy to see it, but I'm sure Bitcoin will drop below 15k usdt anyway.

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Thats nice!!

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BNB

BNB

BNB

That’s a win in our books! Considering the current status of the crypto market

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Thats nice!!

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Thats nice

BTC showing its usual strength and resilience.

FACT

For their clients.

Congratulations all who bought BTC under 16^ including me. Bought some with my USDT.

SupportCoinbase ✊

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