Bitcoin
Bitcoin (BTC) is trading close to the $30,000 level, consolidating after recent price volatility. It rose to an intraday high of $30,046.00, bouncing back from a low of $29,746.12. The support at $29,800 has remained strong over the past week, thanks to the relative strength index (RSI) hovering around 49.00. To surpass the $30,000 mark, BTC will need to break through this RSI ceiling.
Ethereum
Ethereum is also consolidating, staying below $1,900. After reaching a high of $1,905.39, ETH/USD dropped to a low of $1,885.30. Like BTC, Ethereum found support at $1,880 at the start of the weekend. The price strength is currently around the 50.00 zone, which has held steady since the beginning of the week. However, the 10-day moving average is showing signs of a potential shift in the coming days.
Key Points:
- Bitcoin is trading near $30,000, consolidating after price volatility.
- The support at $29,800 has held firm over the past week.
- Ethereum remains below $1,900 but found support at $1,880.
- The RSI for both Bitcoin and Ethereum is around 49.00.
- The 10-day moving average for Ethereum may shift in the coming days.
Hot Take:
The crypto market is currently in a consolidation phase, with Bitcoin and Ethereum finding support at key levels. The RSI and moving averages are important indicators to watch for potential price movements. Bitcoin needs to break through the RSI ceiling to climb above $30,000, while Ethereum’s moving average may signal a shift in its price trend. As always, keep a close eye on these key levels and indicators to make informed decisions in the crypto market.
By
By
By
By
By