Bitcoin gains took it to a 9 month high on Friday following the US Governments decision to pump money into the Economy via the Banks to the tune of $152m and counting.
Bitcoin reacted very strongly climbing to a high of $27800 a move not seen since June 2022.
In this latest bull move, the 10 day moving average is now showing signs of an upwards crossover along with the 25-day moving average, which many see as a sign that longer term bull run may be in play.
As well as this , the 14-day relative strength index (RSI) has broken resistance at 67.00, moving into overbought territory .
Another indicator the fear and greed index which has been sat in fear for the last few weeks has moved to 64 putting the market back in a greed stage
Ethereum ETH also surged higher in today move with prices moving back above $1700 and hitting a high of $1766 in last 24 hours blasting through the previous resistance of $1720. Many ETH bulls believce we will see positive price action when the Proposed Shanghai upgrade finally takes place of April 12th 2023
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