Bitcoin returns to blue with price on Friday It crossed $17,000 again. The cryptocurrency was mostly high in today’s session as the price rebounded from recent losses. Ethereum also surged earlier in the day, approaching the $1,300 levels.
Bitcoin
Bitcoin (BTC) rose in today’s session as the coin surged past the $17,000 level.
Following Thursday’s low of $16,788.78,BTC/USD raced to an intraday high of $17,274.60 earlier in the day.
This move pushed Bitcoin higher above the $17,200 resistance level, reaching a 5-day high in the process.
chart showsBTC retreating from before It is high as the bullish momentum has waned in the immediate aftermath of the breakout.
At the time of writing, the Relative Strength Index (RSI) is currently tracking 50.93, just below the 52.00 cap.
If the index continues to move higher, the next target for the bulls is likely to be $17,600.
Ethereum
In addition to Bitcoin, Ethereum (ETH) also rose in today’s session as the price recovered from recent losses.
ETH/USD traded at a low of $1,227.50 during Thursday’s session and he peaked at $1,286.23 on Friday, less than 24 hours later.
Today’s move resulted in the coin approaching the critical resistance level of $1,305, rising to its highest level since Monday in the process.
Ethereum bulls eye his move above $1,300 And it seems. However, the upper limit of the RSI seems to get in the way.
At the time of writing this article, the index is hovering at 52.00, a key point of resistance in the past.
The bull must first overcome this hurdle to send the price towards his target $1,300 level.
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