ETH moved into the $1,200 area to begin the weekend, as costs rose for a 3rd consecutive session. Bullish sentiment has been lacking from crypto markets in current months, nonetheless the well timed return additionally noticed BTC close to its highest level this week.
Bitcoin
Bitcoin entered the weekend buying and selling within the inexperienced, as bulls prolonged their current run for a 3rd consecutive session.
Following a low of $20,794.19 throughout Friday’s session, BTC/USD rose to an intraday peak of $21,520.91 on Saturday.
At this time’s transfer was the very best level costs have reached since Tuesday, when bitcoin was buying and selling at $21,732.
This appears to be the following goal for bulls, who might want to overcome this hurdle so as to attain their subsequent vacation spot at $22,000.
Trying on the chart, there’s one other hurdle they have to first overcome, and that’s the 36.45 ceiling on the RSI.
Ought to we see this level damaged, then we’d see bullish momentum additionally enhance, main costs to their respective targets.
Ethereum
Following some turbulence in the course of the week, ETH began the weekend buying and selling larger, as bullish sentiment returned.
Costs of the world’s second largest crypto token hit a excessive of $1,238.62 on Saturday, following a low of $1,146.52 yesterday.
As mentioned yesterday, as soon as the resistance of $1,190 was breached, bulls re-entered with vital strain.
As of writing, ETH is at its highest level in 9 days, and is up practically 10% within the final seven days of buying and selling.
Just like BTC, ethereum has additionally simply encountered a resistance level by way of the 14-day RSI, and till that is damaged, we may even see a slight drop in upwards momentum.
Might we see ETH transfer to $1,300 this weekend? Depart your ideas within the feedback under.
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