THELOGICALINDIAN - Bitcoin and ethereum began the weekend trading abutting to key attrition levels as crypto markets connected to sustain contempo assets Overall the all-around cryptocurrency bazaar cap was hardly college on Saturday as traders able for this weekends session
Bitcoin
BTC is currently trading 6% college than at the alpha of the week, this advancing as prices rallied to multi-week highs.
On Saturday, BTC/USD hovered hardly beneath its attrition of $45,050, as prices rose to an intraday aerial of $44,999.49.
Following four after canicule of gains, today’s alliance sees beasts anecdotic the accepted breadth of uncertainty, and apprehensive whether to sustain burden or defended beforehand gains.
BTC has not absolutely traded aloft the accepted attrition akin back December 29, back prices were falling from a again aerial of $52,198.
Looking at the chart, the 14-day RSI indicator has hardly confused above its own attrition of 62.10, which is a slight absolute for bulls.
However, the amount backbone is still almost abutting to the ceiling, which shows that bazaar ambiguity is still rife.
Traders will acceptable abide to delay for acceptance above-mentioned to any added positions.
Ethereum
ETH was hardly lower than Friday’s aiguille of $3,183.96, with the world’s second-largest cryptocurrency trading 0.43% lower as of writing.
Following its blemish of the $3,180 attrition akin during yesterday’s session, ETH/USD today fell to a low of $3,087.49.
This intraday basal was abbreviate lived, with prices now aback aloft $3,120 and actualization to be accumulation beneath the ceiling.
Price backbone in ethereum is acutely overbought, with the 14-day RSI indicator tracking at its accomplished akin back November 10.
Bulls will acceptable still ambition the $3,310 resistance, which has been in abode back February 10, about the alley there seems added uncertain, as bears are acceptable cat-and-mouse for a assurance to re-enter.
Is there abundant drive larboard in ETH to see added assets this weekend? Leave your thoughts in the comments below.
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