Bitcoin’s (CRYPTO: BTC) near-term trajectory and dynamic regarding Ethereum (CRYPTO: ETH) will depend on technical indicators and the outcome of Wednesday’s Federal Open Market Committee decision, according to prominent analyst Benjamin Cowen.
What Happened: In a podcast published on Tuesday, Cowen identified Bitcoin’s weekly Relative Strength Index (RSI) support level having hit the 44 level for the third time in this cycle, after previous touches in September 2023 and September 2024.
If BTC holds this level, it would align with the 2016-2017 bull cycle.
A break …
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