BTC moved away from Monday’s lows to surge above $30,000 on Tuesday, as crypto bulls pushed prices higher. ETH continues to trade above $2,000, with prices rising by as much as 4% during today’s trading session.
Bitcoin
Following a stint below $30,000 to start the week, BTC was trading above this level as bulls made a comeback on Tuesday,
Following a low of $29,251.89 during Monday’s session, BTC/USD rose to a peak of $30,678.68 earlier today.
Since falling below $30,000 last week, markets have been volatile, as prices have looked to establish new support and resistance levels.
So far, the floor has been the $28,800 level, with a resistance point of $31,500. These were both reestablished last week.
Looking at the chart, the 10-day and 25-day moving averages are still showing bearish sentiment, with both still pointing to downwards momentum.
With volatility at a high, traders are still treading carefully in their decision making, which will likely lead to more price uncertainty i
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