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Bitcoin, Ethereum Technical Analysis: ETH, BTC Surge, as US Inflation Uncertainty Fades

October 14, 2022

Category:

Bitcoin

Bitcoin (BTC) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report.

Despite consumer prices rising by more than expected, markets reacted positively, as speculation surrounding the report has faded.

As a result of the report, BTC/USD rose to an intraday high of $19,835.17, less than 24-hours after trading at a low of $18,642.11.

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