BTC moves to a 5-month high, while ETH is approaching $ 1,700-market tactualizations

Bitcoin rose to a five -month high at the beginning of the weekend when the upward mood returned to the cryptocurrency markets. The prices of the largest digital currency in the world rose to over $ 23,000 and recovered from a recent decline to $ 20,000. Ethereum also recovered because it has reached its strongest point since September.

Bitcoin

bitcoin ( bitcoin ) at the beginning of the weekend, the prices to a multi-month Climbing.

after a low of 20,961.21 $ on Friday Bitcoin /USD today climbed to an intraday 23,249.89 $

Bitcoin jumped to the highest level since August 24, when the price was traded at a maximum of $ 23,600 at that time.

As can be seen from the diagram, the movement comes when the 14-day relative strength index (RSI) decreased to an upper limit of 90.00

The index is currently at the level of 86.30, with previous profits fade a bit because dealers are moving to secure profits.

at the time of writing, bitcoin is traded at 22.902.03 $, which is still around 9.27 % above yesterday lies.

ether

like Bitcoin, Ethereum ( eth ) also rose strongly on Saturday when he climbed in the past four months.

eth /USD a high of $ 1,674.18, which at a low of $ 1,550.03 on Friday follows.

As a result of this movement, Ethereum reached a high again that has not been reached since September 13, the last time that it was traded over $ 1,700.

Although the prices are currently below this threshold, the resurrection of the interest bully momentum on Saturday could lead to further climbs this weekend.

The climb drove the sliding 10-day average (red) back into an upward trend and enlarged its distance to its 25-day counterpart (blue).

Overall, Ethereum rose by 6.28 % at the time of writing.

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Do you expect Ethereum to rise over $ 1,700 this weekend? Leave your thoughts in the comments below.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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