BTC approaches after weekend rally on the $ 24,000 mark-market tactualizations

Bitcoin started trading near a five -month high when the courses consolidated the weekend profits. The prices rose to almost $ 24,000 on Sunday after a level of key resistance had been broken. Ethereum fell under $ 1,600 on Monday after it rose to a one-week high during yesterday's session.

Bitcoin

bitcoin ( bitcoin ) remained near a five-month highs on Monday after there was a strong rallies towards 24,000 $ at the weekend had.

after a high of 23,919.89 $ on Sunday bitcoin /USD fell at a low from 23.166.83 $.

The climb on Sunday saw Bitcoin bulls have been driving the prices since August 26, however, however, the same dealers have already started, to withdraw.

If you look at the diagram, the decline began after a failed outbreak over an upper limit at 85.00 in the 14-day relative strength index (RSI).

At the moment, the index is now 72.19, with a soil at 65.00 the only destination for bears.

If this zone is hit, this is very likely bitcoin is close to a support point at 22:500 $

ether

uther ( eth ) also sank at the beginning of the week when the mood changed after an outbreak via the brand of $ 1,600 $

eth /USD a day of a deep stand of 1,582.18 $, since the bulls are high from Sunday at 1.653.73 could not hold $.

At yesterday's highlight, the second largest cryptocurrency in the world increased to its strongest point in a week, but dealers used this as the ideal moment to secure the latest profits.

The movement led to Ethereum broke out slightly over an upper limit of $ 1,650, but there has been a declining mood around this brand in the past three months.

An outbreak below a lower limit of 60.00 at the RSI also contributed to the decline, whereby the index is now 58.40.

If today's decline continues in the coming days, this is possible eth could contribute to a floor at $ 1,550 $

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Will the mood in cryptocurrencies be optimistic or pessimistic this week? 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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