BTC despite the Genesis bankruptcy over $ 21,000-market tactualizations

BTC despite the Genesis bankruptcy over $ 21,000-market tactualizations

Bitcoin climbed back to $ 21,000 marks on Friday, as the volatility remained high on the cryptocurrency market. After a decline of almost 4 % in the meeting on Thursday, global market capitalization rose by 1.14 % at the time of writing. This despite the news that the crypto loan recently filed for bankruptcy. Ethereum was also in the green, since it recovered from the lows on Thursday.

Bitcoin

bitcoin ( Bitcoin ) higher on Friday than the world's greatest cryptocurrency on Thursday.

The rally comes despite the news that the crypto loan has registered Genesis according to FTX.

Bitcoin /USD at the beginning of today's session to an intraday-high of 21,24 $ $ 20,689.88 on Thursday.

bitcoin /USD - Tart -type

If you look at the diagram, today's price recovery came when the 14-day relative strength index (RSI) came back over the brand of 80.00

At the moment, the index is at the level of 80.40, with the next visible resistance level in the range of 88.00.

Many expect that many bitcoin could take another attempt at an important resistance point at $ 21,400.

ether

In addition to Bitcoin, Ethereum ( ETH ), the prices also removed from a recent soil.

after a low of $ 1,515.79 on Thursday eth /usd rasted a maximum of 1,559.55 $.

Today's climb comes, since Ethereum continues to get away from a recent support point at the level of $ 1,500.

ETH /USD - Tatshart

similar to bitcoin comes the movement after a dead head from the RSI indicator, whereby the price strength is recovered from a recent deep.

The index is currently at a level of 74.64, which is slightly above the above -mentioned lower limit of 70.00

eth Bullen will probably now be aimed at $ 1,600 $

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Do you expect Ethereum to trade over $ 1,600 throughout the 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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