Following strong gains towards the end of yesterday’s session, BTC អ consolidated today, as markets prepare for Easter weekend. Bitcoin’s price surged late on Wednesday, hitting a key resistance point in the process. សាកលវិទ្យាល័យ ETH also hit a ceiling during the session.
Bitcoin
Following a late surge towards a key resistance level of $41,500 on Wednesday, BTC អ was marginally lower, as traders prepared for the long Easter weekend.
BTC អ/USD rose to an intraday high of $41,451.48 late on Wednesday, however this resistance point held firm, sending prices lower today.
កាលពីដើមថ្ងៃនេះ, BTC អ fell to an intraday low of $39,714.69, however it has since climbed, and is currently trading around $41,031.26, which is up roughly 3% from the previous bottom.
BTC អ has dropped by almost $10,000 from its peak of $48,220 only two weeks ago, which was its highest level in over four months.
However, after weeks of declines, it appears as though we may have found a stable floor, which was at $39,300, with bulls now looking to once again send prices higher.
Price strength still trends towards the direction of uncertainty however, as it continues to hover below its ceiling of 43.
Once this level is finally breached, we could see more bulls re-enter.
Ethereum
Thursday also saw សាកលវិទ្យាល័យ ETH hover below its own resistance level, as prices continued to move away from a recent floor of $2,950.
សាកលវិទ្យាល័យ ETH/USD was trading close to its ceiling of $3,145 during today’s session, as there appears to be a gradual build-up of bullish pressure.
This momentum saw សាកលវិទ្យាល័យ ETH hit an intraday high of $3,139.93, which is its highest point since the start of the week.
As a result of this rally, the 14-day RSI is now near its resistance of 49.6, while tracking at 47.5, and unless we see this threshold broken, we may see price fall back below $3,000.
This is especially the case due to the moving average crossover which has recently occurred, which is a signal of further bearish pressure.
ស្លាកនៅក្នុងរឿងនេះ
Do you expect to see any notable moves this Easter weekend? Leave your thoughts in the comments below.
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ប្រភព: Bitcoin
Source: https://coinotizia.com/bitcoin-ethereum-technical-analysis-btc-consolidates-heading-into-easter-weekend/