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Bitcoin, Ethereum Technical Analysis: BTC Consolidates Near $28,000, as First Citizen Agrees to Acquire Silicon Valley Bank

March 27, 2023

Category:

Bitcoin

Bitcoin (BTC) started the week trading marginally higher, with prices hovering near the $28,000 level.

Following a bottom at $27,678.15 on Sunday, BTC/USD moved to a high of $28,178.14 earlier in today’s session.

The move saw bitcoin edge towards a recent resistance point at the $28,300 mark, which was last hit on Friday.

Overall, BTC has mostly consolidated on Monday, which comes as the 14-day relative strength index (RSI) collided with a ceiling at the 65.00 zone.

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