Bitcoin (BTC) saw a slight increase after Microstrategy purchased a significant amount of BTC. The price reached a high of $30,740.79, breaking a resistance level at $30,700. However, the bulls are struggling to sustain this momentum. At the time of writing, BTC is trading at $30,678.73, with the RSI nearing a ceiling at 68.00. Price strength is at 67.02, and there is a possibility of the price rising above $31,000 if the resistance is breached.
Similarly, Ethereum (ETH) marginally rose after bouncing from a key support point. It reached an intraday peak of $1,874.01 after settling at a low of $1,822.10. Bulls rejected a breakout below the $1,820 floor and are now pushing the price towards $1,900. The RSI rose above a resistance level at 53.00, indicating increased bullish momentum. The 10-day moving average is crossing upward with the 25-day moving average, further supporting this trend. If the momentum continues, ETH is likely to reach $1,930.
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