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Bitcoin, Ethereum Technical Analysis: ETH, BTC Marginally Higher Ahead of FOMC Meeting Results

February 1, 2023

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Bitcoin (BTC) was back above $23,000 in today’s session, as traders turned their attention to this afternoon’s FOMC meeting.

After recording a low of $22,874.43 on Tuesday, BTC/USD moved to an intraday high of $23,225.02 earlier today.

Today’s move saw the world’s largest cryptocurrency briefly move past an interim ceiling at the $23,200 level.

However, with volatility today higher due to the Fed meeting, prices have since moved back below this point and are currently trading at $23,045.02.

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