As cryptocurrency prices rose, Ethereum traded above $1,300 once more. Following a volatile week which saw the U.S. dollar strengthening, markets were back in the green by Saturday. Bitcoin surged further, moving above $19,000
Bitcoin
As cryptocurrency markets rose higher for the weekend, Bitcoin (BTC), rose above $19,000 again on Saturday.
Earlier in today’s session BTC/USD rallied to an intraday high of $19,237.39, which comes less than a day after hitting a low of $18,770.97.
Today’s peak sees the token move away from its recent support point of $18,900, following a false breakout in yesterday’s session.
Looking at the chart, the rebound in price has also pushed the 14-day relative strength index (RSI) higher, and it’s now moving towards a resistance point of its own.
The index was tracking at 46.35 points as of writing. This is slightly below the resistance level 48.00.
This ceiling could be broken and BTC bulls might move closer to the $20,000 mark.
Ethereum
Ethereum traded higher on the weekend as a result of a volatile week in trading.
After dropping to $1.260.67 on Friday and reaching a record high on Saturday, ETH/USD rose above $1,300, hitting an all-time high of $1.306.71.
Like with bitcoin above, today’s surge saw ethereum bounce from a key support of $1,270, and it is now on course to hit a resistance level.
The aforementioned ceiling is the $1,330 point, which hasn’t been hit since Tuesday, when bearish pressure moved the price below this point.
The RSI is now at 45.90 which seems slightly below the ceiling of 46.00. Bullish sentiment appears to be back.
If the momentum is upward-focused, we’ll likely see this point broken and the token again at $1,330.
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