BTC again over $ 21,000, after strong Chinese GDP numbers-market tactualizations

Bitcoin climbed over $ 21,000 again on January 17, when the markets reacted to better than expected figures on the Chinese gross domestic product (GDP). Economic approval takes place, as US dealers became active again after the celebration of Martin Luther King Jr. Day. Ethereum rose briefly over $ 1,600 at the beginning of the session.

Bitcoin

bitcoin ( Bitcoin ) on Tuesday again rose to the latest Bip numbers from China on Tuesday reacted.

figures from the second largest economy in the world showed that the gross domestic product rose by 3 % last year, more than the expected 2.8 %.

and consequently, bitcoin /USD earlier a high from 21,360.87 $, less than $ 24 $ 20,715.75.

If you look at the diagram, today's price recovery Bitcoin has driven its long -term level of resistance of $ 21,400.

This upper limit has been in force for two months and was broken up slightly at the weekend.

The 14-day-relative star index (RSI) continues to move near an upper limit of 90.00 and should do this bitcoin Bulls intend to climb over $ 21,400, this upper limit of the RSI must first be broken.

ether

In addition to bitcoin ether ( eth ) increased in today's session, where

after a low of $ 1,529.57 at the beginning of the week eth /USD rose to an intraday-höchststand of $ 1,603

The prices have been fallen since then, and at the moment the second largest cryptocurrency in the world is traded at $ 1,569.75.

In view of the clearly overbought prices and apparently at its climax, many expect many to expect a trend reversal.

The RSI of 14 days is currently 83.84, the highest level since August 2020 when the price was traded below $ 1,200.

Although there are still long -term bulls, it is likely that Ethereum could enter consolidation until the price strength is in a more neutral area.

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could we see that Ethereum will be lower in the coming days? 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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