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Bitcoin, Ethereum Technical Analysis: BTC Jumps Back Above $28,000, Following Easter Break

April 10, 2023


Bitcoin (BTC) was back above $28,000 to start the week, as market sentiment shifted towards the bulls following the Easter break.

BTC/USD rose to a high of $28,532.83 earlier in today’s session, after trading at a low of $27,828.48 the day before.

As a result of the move, BTC/USD marginally moved past a ceiling at $28,500, however momentum has since shifted.

Initially, today’s rally came as the 14-day relative strength index (RSI) bounced from a recent floor at 58.00

As of writing, the index is tracking at 61.07, with the next visible point of resistance at the 65.00 mark.