BTC rebounds on Friday, after falling below $ 19,000 – Market News Bitcoin News
After a pull below $ 19,000 on Thursday, BTC was able to rise above $ 20,000 during today’s trading session. ETH was also able to stay above $ 1,000, following an attempt by Bears to push the price below this level during yesterday’s session.
Bitcoin
Bitcoin traded marginally higher on Friday, as markets recovered after a bearish session on Thursday.
Despite rising volatility levels, the world’s largest crypto token climbed to an intraday high of $ 20,632.67 earlier today.
This comes less than 24 hours after prices fell to a bottom of $ 18,729.66, bringing BTC / USD below the long-term floor of $ 18,800.
During the last three weeks, there have been at least three attempts at outbreaks from this time, but bulls have largely managed to stifle these attempts.
Looking specifically at the RSI indicator on the chart, the strength is tracked below support at 30, but if a real upswing were to occur, bulls would have to re-enter this level.
Prices have since fallen after previous gains, and at the time of writing bitcoin is trading at 19,194.26 dollars, which is marginally higher than yesterday’s lowest level.
Ethereum
After falling to a low of 11 days on Thursday, ETH was also higher in today’s session as prices continued to stay above $ 1,000.
Ethereum bears tried to move below this point yesterday, but bulls were able to prevent this from happening, so far.
At the time of writing, the ETH / USD has so far risen to an intraday high of $ 1100.22 in today’s session, after falling to $ 1009.09 on Thursday.
Yesterday’s fall came when relative strength in ETH fell below a recent support of 35.85, and fell to as low as 32.
This fall in the RSI has since slowed, and prices now appear to be consolidating close to a $ 1,050 floor.
The last time we traded around this support point, prices rose in four consecutive sessions.
Will bulls be able to go on a similar race, after the recent decline in ETH? Leave your thoughts in the comments below.
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