BTC rebounds, moving closer to $17,000 on Friday.
/USD, which slipped below this level on Thursday following a strengthening USD, rose to a high of $1,224.97 earlier today.
As a result of this move, the world’s second largest cryptocurrency moved back above a recent support point of $1,220.This comes as the 14-day RSI bounced from a key floor of its own at 38.00, and as of writing, the metric is tracking at 40.46. The 10-day moving average also seems to have started to trend sideways, which signals the current price consolidation in the market.Register your email here to get weekly price analysis updates sent to your inbox:
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