Bitcoin, Ethereum Technical Analysis: BTC Moves to 5-Month High, as ETH Nears $1,700

in SCT.암호화폐.Crypto • 2 years ago

Bitcoin surged to a five-month high to start the weekend, as bullish sentiment returned to cryptocurrency markets. Prices of the world’s largest digital currency rose above $23,000, rebounding from a recent drop towards $20,000. Ethereum also rallied, as it hit its strongest point since September.

Bitcoin
Bitcoin (BTC) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high.

Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today.

Today’s rally saw bitcoin jump to its highest level since August 24, when price at the time was trading at a top of $23,600.

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BTC/USD – Daily Chart
As can be seen from the chart, the move comes as the 14-day relative strength index (RSI) moved back towards a ceiling of 90.00.

Currently, the index is at the 86.30 level, with earlier gains somewhat fading, as traders move to secure profits.

As of writing, BTC is trading at $22,902.03, which is still roughly 9.27% higher than yesterday’s low

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2 years ago in SCT.암호화폐.Crypto by
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