Bitcoin prices volatile following latest inflation figures.
Bitcoin, Ethereum Technical Analysis: BTC Briefly Moves Back Above $20,000 During Volatile Day of Trading
Following this drop, the world’s largest crypto token climbed, hitting a peak of $20,361.12 earlier in the day. Like on Wednesday, the 14-day RSI remains below resistance of 41.80, and this looks to be the main obstacle preventing prices from a sustained breakout.also had to battle market volatility on Thursday, as prices came within a stone’s throw of falling below $1,000.
Since breaking above this $1,100 threshold, earlier bulls have turned bearish, with prices now trading close to $1,080.Like bitcoin, the price uncertainty is being heightened by the lack of direction in momentum, with both the 10-day and 25-day moving averages trending sideways, despite a recent, marginal crossover.
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