Bitcoin Rebounds from $30,000 Dip, Ethereum Surges to Two-Month High

Jul 1, 2023 7:56 AM

Bitcoin, Crypto Analysis, Ethereum

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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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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