Bitcoin rebounded from Tuesday's decline as all the focus of the market shifted to today's Federal Reserve interest rate decision. The market generally expects the Federal Reserve to raise interest rates by 25 basis points at its May meeting
Bitcoin rebounded from Tuesday's decline as all the focus of the market shifted to today's Federal Reserve interest rate decision. The market generally expects the Federal Reserve to raise interest rates by 25 basis points at its May meeting. Ethereum also rose, approaching $1900 in the process.
Bitcoin
Bitcoin (BTC)
Following Tuesday's low of $27935.73, BTC/USD was recorded in the morning of the same day
At some point, it soared to an intraday high of $28881.30.
Bitcoin 27,600
Overall, as the 10 day (red) moving average approaches its 25 day (blue) moving average, the momentum slightly increases.
If this upward crossing occurs, it may be a signal that bulls need to increase pressure and may bring the BTC back above $30000.
In order to achieve this, the Relative strength index (RSI) first needs to break through the upper limit of the 52.00 threshold.
Ethereum
BTCEthereum (ETH )
ETH/USD rose to a high of 1879.76 on Wednesday after almost breaking below $1800 the previous day.
Ethereum 1,875
Due to the strong price, it failed to break through the key resistance level of 48.00, and earlier gains have eased. The index is currently tracking at 46.99.
Ethereum 1,900
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