БТК лебди малку над 20,000 долари, бидејќи продолжува нестабилноста на крипто

БТК was trading higher on hump day, as bullish momentum picked up as the week progressed. Prices once again tested a key resistance level above $20,000, with ЕТХ also hovering around a ceiling of its own during Wednesday’s session.

Bitcoin

Bitcoin was trading in the green for most of Wednesday’s session, as bullish pressure continued to intensify.

По најниското ниво од 19,341.23 долари во вторникот, БТК/USD was up by over $1,000 from this point earlier today.

Prices rose to a peak of $20,635.47 during the session, surging past the resistance point of $20,500 in the process.

Like on Tuesday, gains have somewhat eased following a collision with this resistance level, with bitcoin now trading at $20,219.85 as of writing.

However, should bulls manage to finally overcome this point, then we could see БТК move closer to a higher ceiling at $22,000.

This run may begin once we see a breakout of the current resistance level of 38.20 on the 14-day RSI indicator.

Ethereum

ЕТХ was marginally higher on Wednesday also, as prices continued to trade above $1,100 following yesterday’s surge.

Од пишувањето, ЕТХ/USD has risen to an intraday high of $1,162.40 on hump day, which is marginally above a ceiling of its own.

This short-term resistance at the $1,150 level has been in place for the past seven days, however bulls look set on moving beyond this.

Earlier gains on Wednesday have since diminished, with ЕТХ now trading at $1,146.38 as of writing.

One reason behind the current volatility is the fact relative strength continues to hover below a ceiling of 42.

If price strength eventually moves past this obstacle, then it is likely that we will see an influx of bulls that will look to take prices closer to $1,300.

Could we see a breakout of the RSI ceiling this week? Leave your thoughts in the comments below.

Елиман Дембел

Елиман носи еклектична гледна точка за анализа на пазарот, работејќи како директор на брокер, едукатор за трговија на мало и пазарен коментатор во Crypto, Stocks и FX.