Bitcoin rose above $29,000 neljapäeval, as price moved to its strongest point since last June. The surge came despite some consolidation in cryptocurrency markets, ahead of the upcoming U.S. GDP report. Ethereum was also higher, as it continued to trade above $1,800.
Sisu
Bitcoin
Bitcoin (BTC) moved to its highest point in nine months, despite cryptocurrencies mostly consolidating ahead of the upcoming U.S. GDP report.
Pärast madalseisu $28,155.83 kolmapäeval, BTC/USD raced to an intraday peak of $29,159.90 earlier in the session.
As a result of this surge in price, bitcoin climbed above the $29,000 level for the first time since June 10.
Vaadates graafikut, the move came as BTC briefly broke out of a resistance at $28,500, with the relative strength index (RSI) moving past a similar threshold.
Kirjutamise seisuga, the index is tracking at the 65.27 level, which is marginally above its ceiling at 65.00.
Üldiselt, BTC bulls have moved to secure some of their earlier gains, with the price now trading at $28,582.20.
Ethereum
Ethereum (ETH) continued to trade above $1,800 neljapäeval, however sentiment shifted after it failed to sustain a breakout at a key point.
ETH/USD rose to a high of $1,827.28 neljapäeval, which comes less than 24 hours after the price was at a low of $1,776.64.
Although marginally moving above its aforementioned ceiling at $1,825, ethereum bulls were unable to maintain upward momentum.
Kirjutamise seisuga, ETH kaupleb aadressil $1,800.78, which coincides with the RSI hovering around its recent resistance level at 58.00.
The index is currently tracking at 58.25, with a move below the 58.00 level almost certainly to trigger further declines.
Momentum also appears to be slowing, with the 10-day (red) moving average nearing a downward crossover.
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