Bitcoin, Ethereum Technical Analysis: BTC Rallies to 1-Week High Above $42,000
Following an extended period of bearish pressure, bitcoin’s price surged on Wednesday, as bulls returned to the market. ETH was also higher, climbing to a five-day high in the process. Bitcoin Bitcoin finally broke above its recent price ceiling on hump-day, leading to the world’s largest cryptocurrency snapping a six-day losing streak. Following a low of $38,235.74 earlier in today’s session, BTC/USD surged beyond its resistance level at $40,000 as crypto prices rebounded across the board. As of writing, BTC/USD is up nearly 9% on the day, hitting an intraday high....
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Despite trading lower on Monday, bitcoin is up over 10% from the same point last week, with ETH also gaining within that period. In general, crypto markets were weaker to start the new week. Bitcoin Following some strong rallies over the weekend, BTC/USD gave back some of these gains on Monday, falling to an intraday low of $36,733.57. This comes after the world’s largest cryptocurrency edged closer to the $40,000 level, by hitting $38,168.01 during Sunday’s session. The move saw its 14-day RSI climb to 38, however as on January 18th, price action was simply not strong enough....
Bitcoin continued to trade above $20,000 on Wednesday, as the token remained near a two-week high. Bullish momentum in cryptocurrency markets has been higher this week, with prices surging after a recent downward spell. Ethereum, on the other hand, was largely unchanged in today’s session. Bitcoin Bitcoin (BTC) was once again trading above $20,000, as the token continued to trade near a two-week high. BTC/USD surged to a peak of $20,479 late in Tuesday’s session, which was its highest point since September 13. On Wednesday, prices remained near this level, however slipped....
Ethereum remained close to a three week high on Monday, as prices rallied following a turbulent weekend. Bullish sentiment appears to have somewhat returned to crypto markets to start the week, with the market cap trading 1.56% high as of writing. Bitcoin was also in the green in today’s session.
Bitcoin
Bitcoin (BTC) was trading close to a key resistance level on Monday, as bullish momentum seemingly returned to crypto markets.
Following a low of $19,124.20 on Sunday, BTC/USD surged to a peak of $19,646.65 earlier in today’s session.
This....
Ethereum surged to a two-month high on Monday, as crypto prices have mostly moved higher following Friday’s nonfarm payrolls report. Bitcoin rose to a one-week high, as the token climbed above $24,000 to start the week. Overall, the global market cap is trading 4.11% higher as of writing.
Bitcoin
Bitcoin (BTC) was up for a second successive session to start the week, with prices moving closer to a key resistance level.
Following a low of $23,024.80 on Sunday, BTC/USD rallied to an intraday peak of $24,153.34 earlier in today’s session.
As a....
Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterday’s Fed decision. As expected, the Federal Reserve increased interest rates by 0.25%, whilst providing forward guidance for future hikes. BTC was once again trading above $40,000. Bitcoin BTC was trading above $40,000 for a second consecutive session, as bullish pressure remained within the world’s largest cryptocurrency. This momentum comes as traders were somewhat relieved by the Fed’s decision to lift rates, which helped remove some recent market tension. As of writing,....