Bitcoin overcame Friday’s volatility and rose slightly to start the weekend. The price of the world’s largest token rose above $22,000 earlier in the session, whileETHcontinues to trade above $1,200.14} ETH continues to trade above $1,200.
Bitcoin
BTCwas trading slightly in the green on Saturday as the token’s price rose above $22,000 earlier in the session today.
After hitting a low of $21,257.45 on Friday,BTC/USD rose to an intraday peak of $22,010.64 to start the weekend.
With this move, bitcoin again tried to break out of the $22,070 resistance line, but as in yesterday’s session, the bears are resisting a break for now.
This continues as a result of the 14-day RSI trading below its own ceiling at the 48.80 level.
However, if we see a surge beyond here, price strength should overcome this obstacle due to bullish inflows.
On the same note, bears have a history of regaining momentum around this zone, and we can see uncertainty leading prices to consolidate.
Ethereum
ETHstarted the weekend with a consolidation as token prices continued to hover near $1,200 on Saturday.
The world’s second-largest cryptocurrency fell to a bottom of $1,200.63 earlier today after opening trading at a peak of $1,248.01.
At the time of writing, prices have risen slightly and areETH/USD is currently trading at $1,210.96.
After trying to break through the $1,295 cap on Friday, price uncertainty has increased and bears are now pushing the token lower
For now, this volatility will keep prices below $1,200, but if this continues, we may seeETHmove to a bottom of $1,150.
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