Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in today’s session.
Bitcoin (
Following a low of $23,964.91 on Wednesday,
As a result of the move, bitcoin once again broke out of a key resistance level at the $25,050 zone.
Overall,
Currently, the index is tracking at 62.54, which is marginally below a resistance point at the 65.00 mark.
This ceiling remains the main obstacle preventing bitcoin bulls from surging back towards a recent high above $26,000.
Ethereum (
As a result of today’s drop, the world’s second largest cryptocurrency moved below a key ceiling at the $1,675 point.
Looking at the chart, the decline came as the RSI failed to break out of a resistance level at 60.00.
At the time of writing, price strength is now tracking at 56.90, with the next visible point of support at 55.00
In the event bears land at this zone, there is a strong chance that
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Could ethereum rebound in the coming days? Leave your thoughts in the comments below.