Ethereum was as soon as once more buying and selling above $1,300, as cryptocurrency costs rose to begin the weekend. Markets had been again in the inexperienced on Saturday following a unstable week, which got here because the U.S. greenback continued to strengthen. Bitcoin additionally surged larger, transferring again above $19,000.
Bitcoin
Bitcoin (BTC) rose again above $19,000 on Saturday, as cryptocurrency markets climbed larger to begin the weekend.
Earlier in at present’s session BTC/USD rallied to an intraday excessive of $19,237.39, which comes lower than a day after hitting a low of $18,770.97.
As we speak’s peak sees the token transfer away from its current assist level of $18,900, following a false breakout in yesterday’s session.
BTC/USD – Each day Chart
Wanting on the chart, the rebound in worth has additionally pushed the 14-day relative energy index (RSI) larger, and it’s now transferring in direction of a resistance level of its personal.
As of writing, the index is monitoring on the 46.35 level, which is marginally under a resistance degree of 48.00.
Ought to we see this ceiling damaged, then BTC bulls may very well be one step nearer to recapturing the $20,000 mark.
Ethereum
Ethereum was additionally buying and selling larger to begin the weekend, because the token surged following a turbulent week of buying and selling.
Following a transfer to a low of $1,260.67 on Friday, ETH/USD was again above $1,300 on Saturday, hitting a peak of $1,306.71 in the method.
Like with bitcoin above, at present’s surge noticed ethereum bounce from a key assist of $1,270, and it’s now heading in the right direction to hit a resistance degree.
ETH/USD – Each day Chart
The aforementioned ceiling is the $1,330 level, which hasn’t been hit since Tuesday, when bearish strain moved the worth under this level.
Bullish sentiment appears to be returning, nevertheless, with the RSI now monitoring at 45.90, which is marginally under a ceiling of 46.00.
If momentum stays upward-focused we are going to possible see this level damaged this weekend, and the token as soon as once more above $1,330.
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