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Bitcoin, Ethereum Technical Analysis: ETH Hits $2,000 Following Shapella Upgrade

April 13, 2023


Bitcoin (BTC) continued to trade above the $30,000 mark on Thursday, as crypto markets remained buoyed by the latest U.S. inflation report, which fell to 5%.

Following a $29,725.57 low on Wednesday, BTC/USD rose to an intraday peak of $30,462.48 earlier in the day.

This move sees bitcoin remain near a ten-month high of $30,584, which it hit during Tuesday’s trading session.

Looking at the chart, today’s slight rise in price comes as the 14-day relative strength index (RSI) bounced from its floor at 68.00