Ethereum Rises Above $1,200 Level on Tuesday did. The dollar rallied after the Bank of Japan’s (BOJ) latest policy decisions. Banks have adjusted their yield curve management, raising the cap on 10-year Treasury bonds, allowing for fluctuations of up to 50 basis points (bps) from 25 bps. Bitcoin also rose on the news, with $17,000
Bitcoin
Bitcoin (BTC) approaching the $17,000 level on Tuesday. Latest Bank of Japan Policy Decision.
BTC/USD surges to a peak of $16,837.65 early in today’s session, less than 24 hours after reaching a low of $16,398.14 Did.
Today’s move took the token above the critical $16,700 resistance level, pushing the price up to his 4-day high in the process.
chart, a spike occurs as the 14-day Relative Strength Index. (RSI) broke the ceiling at the 46.00 level.
As of this writing, the index is currently tracking at the 46.61 mark, its strongest point since last Thursday. If the
index continues its upward trend,BTC could break above the $17,000 level in the coming days.
Ethereum
In addition to Bitcoin, Ethereum (ETH) also trended higher on Tuesday, rising again into the $1,200 territory.
Following the first week low of $1,160.38,ETH/USD raced to a peak of $1,214.73 earlier in the day.
This is despite the recent downward crossover between the 10-day (red) and 25-day (blue) moving averages.
His second largest cryptocurrency in the world at the time of writing is It seems set to collide with higher resistance in the $1230s.
However, this could prove difficult as his 14-day RSI is currently just below the 47.00 ceiling.
If this critical threshold is crossed, theETH bulls may re-enter the market.
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