ETH is approaching 10 % profit, BTC is approaching $ 40,000 - market tactualizations

days after the case to a 6-month low, Bitcoin rose for the second time in a row when the price slowly approached its key level of $ 40,000. Today's profit in Bitcoin is that the global crypto market capitalization at the time of writing by 4.7 % was.

Bitcoin

The world's largest cryptocurrency reached an intra-raday high of $ 38,415.90 on Wednesday, which is the highest level in the last six sessions.

Today's movement comes as a 14-day RSI on Bitcoin /Usd brach The latest level of resistance of 30, which usually indicates oversized prices, and now follows 38.

Although it remains relatively oversized, this short-term interest bully momentum has meant that the 10-day emotion (red) slowly grew up, whereby the potential for an upward cross with the 25-dayema ​​(blue) is gradually increasing.

If this occurs, the story shows that the pressure to buy could increase, since prices would probably exceed the upper limit of $ 40,000. This is an area where earlier bull runs have started.

However, if we approach this level, there seems to be a certain resistance before us, whereby the RSI indicator shows that an upper limit of 41 cold water could pour on the current stream.

this if the latest upward pressure is not sufficient to overcome the upcoming hurdle.

ether

eth The prices were acted almost 10 % in the course of the session on Wednesday Intraday high of $ 2,648.49

similar to bitcoin, eth in his 14-day youngest lows out and currently moves slightly above the value of 34.

This increase in strength has led to the courses reaching a 5-day high and now lying at the periphery of the fibonacci level of 0.236.

As you can see from the diagram below, this FIB level, which is $ 2,675.00, has produced several bull runs in the past.

Since there are no significant signs of resistance to the volumes, we will see further price gains eth ? Leave your thoughts in the comments below.

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, trainer in retail and market commentator in the areas of crypto, stocks and foreign exchange.

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