ETH, BTC continue to consolidate, as Gold and Oil prices move towards new highs.
Crude oil climbed to a 14-year high of over $130 per barrel, whilst gold was fast approaching its own all-time high.Bitcoin was trading below $40,000 on Tuesday, as the volatility surrounding the war in Ukraine continued to impact the world’s largest cryptocurrency./USD had a higher low of $37,851 so far today.
The price has since rallied, with bitcoin hitting an intraday high of $39,230, which is 0.80% lower than Monday’s peak.This move comes as the newly found floor of $37,600 once again held firm, after several attempts at breakouts during last night’s session. Despite remaining marginally oversold, and currently tracking at 45.6, the 14-day RSI looks to be headed for the 47 level, which has acted as resistance in the past./USD would likely be trading close to the $40,000 ceiling, with a breakout likely to inspire bulls to return.