BTC over $ 21,000 because ETH reaches a new 2-month high-market tactualizations

Bitcoin rose to a new two -month high on January 14, as the cryptoma markets were significantly higher on Saturday. The world's largest cryptocurrency jumped over $ 21,000 when prices rose the sixth day in a row. Ethereum was traded over $ 1,500 at the beginning of the weekend and thus also reached its strongest point since November.

Bitcoin

Bitcoin ( Bitcoin ) at the beginning of the weekend when prices rose over the $ 21,000.

Bitcoin /USD in today's session climbed to a maximum of 21.054,38 $ after the prices on Friday Locks of $ 18,793.66.

This price increase meant that Bitcoin has increased up to 10 % in the last 24 hours and has reached its strongest point since November 5th.

If you look at the diagram, the rally came as the 14-day relative strength index (RSI) continued. It now follows 89.22.

Typically a value of 70.00 is considered overbought, and with this pressure, which has been the highest level for two years, we are deep in the bear area.

When the price is overbought, many expect the decline in mood to increase as retailers begin to sell the market.

ether

uther ( eth ) also reached a two-month high in today's session, whereby the price in the green area remained in the green area.

after a low of $ 1,404.82 on Friday eth /usd on Saturday rose to an intraday high of 1,558,25 $.

As with Bitcoin, this rally sent the world's second largest cryptocurrency to its highest level since November 5th.

Overall, Ethereum has now been traded by over 23 % higher in the last seven days.

The movement comes because the sliding 10-day average (red) has extended a crossing of its 25-day counterpart (blue).

Despite this interest bully dynamic at the beginning of the weekend, many still expect some reversals in the next few days.

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we could see how Ethereum falls below $ 1,400 this weekend and dealers take profits with them? 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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