Bitcoin (BTC) consolidated Friday’s losses to start the weekend, as market volatility eased in today’s session.
Following yesterday’s low of $22,213.24, BTC/USD rose to an intraday high of $22,444.19 earlier in the day.
The move sees bitcoin move back above a long-term support point at $22,300, following Friday’s breakout.
Additionally, the 14-day relative strength index (RSI) has also appeared to have found a floor, which has helped ease the decline in price strength.
At the time of writing, the index is tracking at 42.89, which is marginally above the support point at 42.00