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Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000

March 16, 2023

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Bitcoin (BTC) rose back above the $25,000 level in today’s session, as market volatility eased, as the Swiss National Bank moved to prevent a collapse of Credit Suisse.

Following a low of $23,964.91 on Wednesday, BTC/USD rallied to an intraday peak of $25,240.62 earlier in the day.

As a result of the move, bitcoin once again broke out of a key resistance level at the $25,050 zone.

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