Bitcoin and ethereum prices rebounded on Monday, after declining throughout the weekend. As the Russian invasion of Ukraine heightened, crypto traders appeared to take a risk-off approach this weekend, however some bulls seemed to return to start the week.
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Bitcoin ended two consecutive sessions of decline to start the week, as the world’s largest cryptocurrency seemed to have found its price floor.
BTC/USD hit an intraday low of $37,268.98 earlier in today’のセッション, with prices now climbing towards resistance above $40,000.
This rebound comes after prices found support at $37,000 on Sunday, which was the lowest level BTC had hit since Friday.
チャートを見ると, Monday’s move comes just as the 14-day RSI has marginally broken past its own ceiling at 46, 現在追跡中です 47.84.
In addition to this, the momentum of the 10-day moving average (red) is now moving in a sideways path, which could set the floor for a potential upward change in direction.
With BTC now hovering on the periphery of $40,000, history does show that price uncertainty heightens here.
Bulls will look to evade these bears which typically live in this zone.
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The price of ETH was also higher to start the week, with a support level also being established within the world’s second largest cryptocurrency.
Although higher today, ETH/USD is trading 2.92% lower than at the same point yesterday, when prices fell to an intraday day low of $2,581.62.
This low was close to ETH’s long-term floor of $2,550, and as we neared this floor, bulls pushed prices up away from these levels.
そのような, ETH/USD hit an intraday high of $2,748.15 週を始める, as some hope that we may soon recapture the $2,900 resistance.
One of the only hurdles that could prevent this from happening is the fact that the 14-day RSI has now hit its ceiling of 48.
Can bulls push price strength beyond this point? 以下のコメントにあなたの考えを残してください.