Bitcoin's Rally Continues Amid Technical Analysis and Banking Turmoil

Bitcoin consolidated above $28,000 as volatility in crypto markets remained high, while Ethereum traded above $1,800 with traders targeting a breakout above a key resistance level. The 14-day relative strength index (RSI) failed to move beyond a ceiling at 65.00 for Bitcoin, while Ethereum bulls attempted to move towards a ceiling at $1,825, however momentum has since eased. Markets are preparing for a big week of U.S. economic data, with the headline being Friday’s nonfarm payrolls, which are expected to fall to 238,000 jobs.