Bitcoin remained above the $30,000 level on Friday, with traders trying to maintain a bullish sentiment heading into the weekend. The BTC/USD pair reached a high of $30,334.40 after hitting a low of $29,679.16 earlier in the day. However, the price has since fallen from its peak as the 14-day relative strength index (RSI) faced resistance. The RSI currently stands at 70.43, slightly lower than the ceiling at 71.00. Despite this, momentum remains bullish as the 10-day moving average continues to cross over the 25-day moving average. If the RSI surpasses the 71.00 level in the coming days, there is a good chance that BTC will exceed $32,000.
In contrast, Ethereum (ETH) experienced a slight decline in today’s session, retreating from a recent multi-month high. ETH/USD dropped to an intraday low of $1,866.26, following its peak at $1,908.13 the previous day. This decline appeared to be the result of profit-taking as traders secured their gains after a recent increase. Similar to Bitcoin, traders abandoned their positions as the RSI failed to surpass a key resistance level at 60.00, which is the highest level the index has reached since April. Currently, the RSI stands at 59.25, with Ethereum trading at $1,878.66.
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