Bitcoin
Bitcoin rebounded after falling below $30,000, with bulls buying the dip and pushing the price higher to $30,444.75.
- The rebound was supported by the relative strength index (RSI) finding a floor at 63.00.
- The RSI is now tracking at 65.64 and could reach a resistance point around 70.00.
- If bitcoin collides with this target, it may move back above $31,000.
Ethereum
Ethereum started the weekend bullish, reaching a two-month high of $1,945.27.
- The price surge was attributed to a breakout that pushed the RSI past a ceiling at 58.00.
- However, the RSI is now at 58.17, giving up earlier gains.
- Ethereum is currently trading at $1,914.81.
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Hot Take
Bitcoin and Ethereum experienced mixed performances over the weekend. Bitcoin rebounded from its dip, showing potential for further gains above $31,000. Ethereum, on the other hand, reached a two-month high but may face resistance as the RSI loses momentum. Stay updated on the latest price analysis by registering your email.
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