Following what has been a turbulent week of trading, bitcoin prices consolidated to start the weekend. The token rose marginally above the $19,000 level on Saturday, hovering near a three-month low in recent days. Ethereum was also consolidating in today’s session, as prices moved back above $1,300.
Bitcoin
bitcoin (BTC អ) rose marginally above $19,000 on Saturday, as markets continued to digest this week’s heightened level of volatility.
Following a low of $18,617.55 on Friday, the world’s largest cryptocurrency rose to an intraday peak of $19,374.55 earlier today.
This move saw bitcoin climb back above its key support point of $19,300, following a recent breakout which sent prices to a three-month low.
Looking at the chart, the initial price increase in today’s session came as the 14-day relative strength index (RSI) also moved higher, hitting a resistance level in the process.
Since hitting a ceiling of 44.10, BTC អ/USD prices have fallen from earlier highs, and as of writing are trading at $19,061.70.
Should bulls intend to take the BTC អ higher, potentially even back above $20,000, this current obstacle on the RSI will need to be overcome.
Ethereum
បន្ថែមពីលើ bitcoin, ethereum (សាកលវិទ្យាល័យ ETH) has also had a turbulent week — one which saw prices fall to a low of $1,220.
However, after hitting this point, which now appears to be a price floor, the token has marginally risen in back-to-back sessions.
នៅថ្ងៃសៅរ៏, សាកលវិទ្យាល័យ ETH/USD rose to an intraday high of $1,335.28, which comes less than 24-hours after trading at a low of $1,270.20.
As seen from the chart, the move came as its RSI also rose, hitting a height of 38.70 in today’s session.
Similar to bitcoin above, this reading took the index to a resistance point, which has historically been an area where bears reenter the market.
ជាការសរសេរ សាកលវិទ្យាល័យ ETH is trading at $1,327.12, which is still over 3% up from Friday’s floor.
ចុះឈ្មោះអ៊ីមែលរបស់អ្នកនៅទីនេះ ដើម្បីទទួលបានព័ត៌មានថ្មីៗនៃការវិភាគតម្លៃប្រចាំសប្តាហ៍ដែលបានផ្ញើទៅកាន់ប្រអប់សំបុត្ររបស់អ្នក៖
Do you expect ethereum to climb higher this weekend? Leave your thoughts in the comments below.
សេវាឥណទានរូបភាព: Shutterstock, Pixabay, វិគីភីឌា
ការមិនទទួលខុសត្រូវ៖ អត្ថបទនេះគឺសម្រាប់គោលបំណងព័ត៌មានប៉ុណ្ណោះ។ វាមិនមែនជាការផ្តល់ជូនដោយផ្ទាល់ឬការស្នើសុំពីការទិញឬលក់ឬការផ្តល់អនុសាសន៍ឬការយល់ព្រមលើផលិតផលសេវាកម្មឬក្រុមហ៊ុនណាមួយឡើយ។ Bitcoin.com មិនផ្តល់ដំបូន្មានការវិនិយោគពន្ធច្បាប់ឬគណនេយ្យ។ ទាំងក្រុមហ៊ុនឬអ្នកនិពន្ធមិនទទួលខុសត្រូវដោយផ្ទាល់ឬដោយប្រយោលចំពោះការខូចខាតឬការបាត់បង់ណាមួយដែលបណ្តាលមកពីការចោទប្រកាន់ឬបណ្តាលមកពីការប្រើប្រាស់ឬពឹងផ្អែកលើការប្រើប្រាស់ទំនិញឬសេវាកម្មណាមួយដែលបានលើកឡើងនៅក្នុងអត្ថបទនេះ។
Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-eth-consolidate-following-week-of-intense-volatility/