BTC reaches 2-month high and climbs over $ 19,000-market tactualizations

Bitcoin was further traded on January 13, with prices racing over the $ 19,000 mark and reaching a two-month high. The latest increase comes when dealers continued to respond to the US inflation report on Wednesday, which fell to 6.5 %. Ethereum also climbed today and reached a new multi -month high.

Bitcoin

bitcoin ( Bitcoin ) in today's session recovered to a two-month high, as the prices of 19,000 $ Climbing.

after a low of $ 17,995.20 on Thursday bitcoin /USD earlier a high of 19.031.80 $.

As a result of the move, the world's largest cryptocurrency climbed to its strongest point since November 8th when the price was over $ 20,000.

If you look at the diagram, the rally came when the 14-day relative strength index (RSI) rose to a maximum of 82.00, which was the highest level for over a year.

In addition, the upward trend of the sliding 10-day (red) and 25-day average (blue) continued and thus extended the interest bully momentum.

Nevertheless, the prices are now much more than overbought, which could mean that bears are lurking and preparing for re -entry.

ether

like bitcoin ether ( eth ) also increased significantly on Friday, with the price exceeding the brand of $ 1,400.

eth /USD achieved an intraday high of 1,432,28 $, which is less than one day after trading with one Locks of $ 1,378.42.

As with Bitcoin, this price increase Ethereum has driven its highest level since November 8th when it reached a maximum of $ 1,580.

from the diagram, prices of eth are now deep in the overbought area, whereby the RSI index is at a level of 75.54.

Earlier profits have already slipped because earlier householders have started to take profits with the expectation of a trend reversal.

At the time of writing, ETH /USD is traded at 1,410.60 $

Set your email address here to receive weekly price analysis updates to your inbox:

we could see eth this weekend crack $ 1.500? 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.

Bedy verification : Shutterstock, Pixabay, WikiCommons