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Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report

February 15, 2023

Category:

Bitcoin

Bitcoin (BTC) remained above $22,000 on Wednesday, with traders continuing to digest the latest inflation report in the United States.

Following a low of $21,632.39 on Tuesday, BTC/USD rallied to an intraday peak of $22,293.14 earlier today.

Today’s move pushes the world’s largest cryptocurrency back towards a key resistance level of $22,500.

Looking at the chart, the 14-day relative strength index (RSI) also appears to be edging closer to a ceiling of its own at 60.00

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