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Bitcoin, Ethereum Technical Analysis: ETH, BTC Rebound Following Fed Minutes

February 23, 2023

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Bitcoin

Bitcoin (BTC) moved back above $24,000 on Thursday, as cryptocurrency markets rebounded following the latest FOMC minutes.

Following a low of $23,644.32 on Wednesday, BTC/USD surged to an intraday high of $24,572.09 earlier in the day.

As a result of this, the world’s largest cryptocurrency broke out of a key resistance level at the $24,200 point.

This rebound also came as the 14-day relative strength index (RSI), bounced from a floor of its own at 59.00.

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