BTC rebounds on Thursday, climbing back above $19,000.
/USD climbed to a top point of $1,304.90 earlier today, which comes less than a day after hitting a low of $1,275.32.
Like with bitcoin above, today’s rebound in price came as bears failed to break out of a key support level of $1,270.Although there is current turbulence in the market, traders who have entered the market today will likely be targeting a return to a recent resistance point. This ceiling is the $1,330 mark, which was last reached on Tuesday, however there was not enough bullish pressure at the time to move beyond that point.
In order for this to take place in the coming days, a ceiling of 46.80 on the RSI must first be broken.Tags in this story
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