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Bitcoin, Ethereum Technical Analysis: BTC Consolidates Recent Losses to Start the Weekend 

March 3, 2023


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