Bitcoin Surges To $22,962.40, Up 14% In 1 Month, But Fall 0.81% Today, Bearish Ether

The crypto market is very volatile now as an alternative asset. In the past month, the Bitcoin market has been up by around 14%. However, on July 22, till 6.09 pm UTC, it fell by 0.81% and was quoted at US$ 22,962.40, in the intra day trading. The coin also surged by 10.45% in the last 5 days. Yesterday, Bitcoin closed at US$ 23,150.80.

On the other hand, other crypto coins have been bearish today in intra day trading, like Bitcoin. Ether was quoted at US$ 1,561.72, falling by 0.89%%. Yesterday, Ether closed at US$ 1,522.12. Litecoin was quoted at US$ 56.99, falling by 1.79%, Dogecoin was quoted at US$ 0.0681 falling by 2.76%, and Cardano was quoted at US$ 0.4903 falling by 1.85% today, till last traded.

"Following today's surge, price strength has once again collided with a ceiling of its own, two days after failing to overcome this obstacle. This resistance on the 14-day RSI (Relative Strength Index) sits at the 62 mark, and is the highest point relative strength has hit in three months. Should bulls finally break out of this level, we will likely see bitcoin not only move into the $24,000 region, but make a move towards $25,000," commenting on Bitcoin, the largest cryptocurrency, bitcoin.com stated in a recent report.

The cryptocurrency market will follow its upcoming roadmap, from the next US Federal Reserve and ECB's interest rate hike decisions, analysts think.