ETHmoved into $1,200 territory to start the weekend as prices rose for the third consecutive session. While bullish sentiment has been missing from the crypto markets over the past few months, timely returns were also seen inBTCwhich is near its high for the week.
Bitcoin opened the weekend trading in the green as bulls extended their recent run of three consecutive sessions.
After hitting a low of $20,794.19 in Friday’s session,BTC/USD rose to an intraday peak of $21,520.91 on Saturday.
Today’s move was the highest point prices have reached since Tuesday, when bitcoin was trading at $21,732.
We need to overcome this hurdle to reach our next destination, $22,000.
Looking at the chart, there is another hurdle they must overcome first, and that is the 36.45 upper limit of the RSI.
A break of this point would also increase bullish momentum and could lead prices to their respective targets.
After some mid-week volatility,ETHstarted the weekend trading higher as bullish sentiment returned ETHstarted the weekend trading higher.
The price of the world’s second-largest crypto token hit a high of $1,238.62 on Saturday, following a low of $1,146.52 yesterday.
As explained yesterday, the bulls re-entered with significant pressure once the $1,190 resistance was breached.
At the time of writing,ETHis at a 9-day high and up nearly 10% in the last 7 trading days.
as well as BTCEthereum has just encountered a resistance point by the 14-day RSI and may lose some upward momentum until this is broken.
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