Following a volatile week, BTC rebounds on Friday, climbing back above $17,000.
/USD moved to a peak of $1,286.23 on Friday, less than 24 hours after trading at a low of $1,227.50 during Thursday’s session.
As a result of today’s move, the coin neared a key resistance level of $1,305, rising to its highest point since Monday in the process.Currently, it appears as though ethereum bulls are targeting a move beyond the $1,300 mark, however a ceiling on the RSI seems to be in the way. As of writing, the index is tracking at 52.00, which has also been a key point of resistance in the past.
Bulls would need to overcome this hurdle first, in order to send prices towards the targeted $1,300 level.Tags in this story
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