Bitcoin, Ethereum Technical Analysis: BTC Nears $25,000, Whilst ETH Hits $1,700 – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC Nears $25,000, Whilst ETH Hits $1,700 – Market Updates Bitcoin News
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BTC hits 7-month high, ETH climbs to $1,700.

Following a low of $22,664.48 on Wednesday,Today’s move pushes the world’s largest cryptocurrency above a ceiling at $24,200, hitting its strongest point since August 20 in the process.Looking at the chart, the 14-day relative strength index also moved past a ceiling of its own at 65.00

As of writing, price strength is currently at a reading of 69.36, which is its strongest point in nearly two weeks. The next visible point of resistance appears to be at the 75.00 mark, and should bulls make a run for this level,

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