In short: Bitcoin and Ethereum saw gains to start the week, with Bitcoin climbing back above $27,000, breaking out of the relative strength index (RSI) in the process. Similarly, Ethereum crossed the $1,800 mark in Monday's session, marking a second consecutive day of gains and a momentum shift after an eight-day losing streak. Prices had slipped to a two-month low over the weekend, but sentiment appeared to shift on Monday.
Our quick analysis:
After a bit of a rough weekend, Bitcoin and Ethereum are back in the green and looking stronger than ever. Bitcoin managed to break through the $27,000 level to start the week, bouncing back from a recent low and gaining momentum in the process. Ethereum rose to over $1,800, putting an end to its eight-day losing streak and showing signs of a shift in momentum.
It's no secret that crypto prices have been on a wild ride lately, but it seems like things may finally be looking up. Of course, it's always difficult to predict what will happen in the world of cryptocurrency, but the recent gains are certainly cause for a bit of celebration.
For Bitcoin, the bulls are now setting their sights on the $28,000 level, which was last hit on Thursday. With price strength tracking at 43.66, just above the resistance point of 43.00, things are looking promising. Similarly, Ethereum has risen above a key point of resistance at the 44.00 level, with the index now tracking at 45.85.
So, what's next? Will we continue to see crypto prices climb this week? Only time will tell. But for now, let's raise a glass to Bitcoin and Ethereum for their impressive bounce back. Who said crypto couldn't be a rollercoaster ride of emotions?
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
After a bit of a rough weekend, Bitcoin and Ethereum are back in the green and looking stronger than ever. Bitcoin managed to break through the $27,000 level to start the week, bouncing back from a recent low and gaining momentum in the process. Ethereum rose to over $1,800, putting an end to its eight-day losing streak and showing signs of a shift in momentum.
It's no secret that crypto prices have been on a wild ride lately, but it seems like things may finally be looking up. Of course, it's always difficult to predict what will happen in the world of cryptocurrency, but the recent gains are certainly cause for a bit of celebration.
For Bitcoin, the bulls are now setting their sights on the $28,000 level, which was last hit on Thursday. With price strength tracking at 43.66, just above the resistance point of 43.00, things are looking promising. Similarly, Ethereum has risen above a key point of resistance at the 44.00 level, with the index now tracking at 45.85.
So, what's next? Will we continue to see crypto prices climb this week? Only time will tell. But for now, let's raise a glass to Bitcoin and Ethereum for their impressive bounce back. Who said crypto couldn't be a rollercoaster ride of emotions?
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
0 Comments
Please, behave!