Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Bulls Return to Crypto Markets – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000 as Bulls Return to Crypto Markets – Market Updates Bitcoin News
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BTC moves back above $20,000 as token nears a 2-week high.

/USD rose to a high of $1,395.31 earlier in the day, which is the highest point the token has hit in the last five days.

The move came following a breakout of a recent resistance of $1,335, with the RSI also moving past a ceiling of its own.In this instance it was the 39.50 point, which had been a major obstacle to prices rising over the past week. As of writing, the index is tracking at 45.00, which is yet another point of resistance, however, bulls have so far maintained their positions, despite the increased uncertainty.

Many expect ethereum to surge past the $1,400 mark at some point in today’s session, with the $1,410 level a possible exit point.Tags in this story

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