BTC Surges Towards $45,000 as Russia Withdraws Some Troops – Market Updates Bitcoin News - BitcoinEthereumNews.com
Following four consecutive sessions of declines, bitcoin rallied late on Monday, into Tuesday, as it was reported that Russia was withdrawing some troops from the Ukrainian border. Overall, crypto markets are up close to 5% on the day. Bitcoin BTC finally rebounded during Tuesdays session, as bulls once again re-entered the race to $45,000. Following a low of $41,928.19 yesterday, BTC/USD rose to an intraday high of $44,331.96 on Tuesday, with many now expecting further short-term increases in price. Todays rally came as prices moved away from support which was close to $41,000, helped by the increase in momentum. This rise in momentum came as the short-term 10-day (red) moving average appears to have moved away from its recent horizontal path, and now seems to be trending upward. बीटीसी / यूएसडी - दैनिक चार्ट In addition to this, the Relative Strength Index (RSI) broke the resistance of 56.43, which as outlined yesterday, was a key obstacle preventing bulls from re-entering. Now that this has happened, the RSI is currently tracking at 61, however, a new hurdle could be awaiting it at the 65.20 area. Aside from this, the skies look relatively clear as the price of bitcoin looks to fly toward resistance of $45,000. Ethereum Ethereum was also higher on Tuesday,