BTC remains $ 23,000 at the beginning of the week - market tactualizations

Bitcoin continued to move around $ 23,000 marks on January 23, as the bullish atmosphere remained high in the markets. At the weekend, the world's largest cryptocurrency rose to the strongest level since August, and the bulls moved to consolidate these profits. Ethereum was also traded in the green today and remained over $ 1,600.

Bitcoin

bitcoin ( bitcoin ) was continued close to a five-month high at the beginning of the week, since the atmosphere at the cryptoma market was still optimistic remained.

After a low of $ 22,387.90 on Sunday, Bitcoin /USD previously reached an intraday 23,056.73 $

on Saturday, bitcoin rose to a high of 23.375 $, which was the strongest point since August 18, and it seems as if the bulls hope to recapture this point.

Bitcoin /USD- Tatshart

To achieve this, the 14-day relative strength index (RSI) probably has to be returned to an upper limit of 91.00

The index is currently on the already overbought level of 85.26, which could lead to some decide to secure profits and give up previous positions.

at the time of writing, bitcoin is traded at 22.876.55, which is slightly above the highest level from Sunday.

ether

uther ( eth ) also seemed to consolidate the winnings of the weekend, the prices above the brand of $ 1,600 $

on Monday, ETH /USD has so far risen to a maximum of $ 1,658.02, which is relatively close to the fourth month at 1.680 $ lies.

Today's climax comes when the second largest cryptocurrency in the world recovered from a soil around $ 1,610 mark.

If you look at the diagram, the recovery took place after a failed outbreak via a support point of 75.00 on the RSI indicator.

At the moment, the indicator moves at 75.23, with the next visible resistance level in the range of 80.00.

ETH Bullen will probably still strive for a movement of $ 1,700, and first the brand of

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could Ethereum rise this week despite overbought prices over $ 1,700? 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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