Bitcoin konsoliderede de seneste tab i marts 4, as cryptocurrency markets marginally stabilized from Friday’s sell-off. Prices plunged to a two-week low in yesterday’s session, dog har stemningen ændret sig noget. Ethereum kom sig også, flytter tilbage til det grønne for at starte weekenden.
Indhold
Bitcoin
Bitcoin (BTC) consolidated Friday’s losses to start the weekend, as market volatility eased in today’s session.
Following yesterday’s low of $22,213.24, BTC/USD steg til en intradag høj på $22,444.19 tidligere på dagen.
The move sees bitcoin move back above a long-term support point at $22,300, following Friday’s breakout.
Derudover, the 14-day relative strength index (RSI) has also appeared to have found a floor, which has helped ease the decline in price strength.
I skrivende stund, indekset følger kl 42.89, which is marginally above the support point at 42.00
One area of concern for aspiring bulls is the imminent downward crossover of the 10-day (red) and 25-day (blue) moving averages, which could be a signal to future declines.
Ethereum
In addition to BTC, ethereum (ETH) also settled on Saturday, as bearish momentum somewhat wore off.
ETH/USD hit a high of $1,575.87 in today’s session, Mindre end 24 hours after trading at a low of $1,552.45.
As a result of this rebound, the world’s second largest cryptocurrency rose back above a price floor at $1,560.
This could be temporary, imidlertid, with the 10-day (red) moving average on the brink of a downwards cross with its 25-day (blue) counterpart.
The RSI is now tracking at 45.21, which is relatively higher than yesterday’s bottom at 44.51, and comes as bulls rejected a breakout of the 44.00 floor.
Should price strength move from this point of support, and closer to a resistance level at 48.00, there is a strong possibility that ETH will be above $1,600.
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