BTC Nears $21,000, ETH Above $1,640 on Saturday – Market Updates Bitcoin News

Bitcoin returned to the green Saturday as cryptocurrency bulls returned to the markets for the weekend. The token moved closer to a peak of $21,000, rebounding from Friday’s sell-off in the process. Ethereum was also higher in today’s session, climbing by nearly 10%.


Bitcoin (BTC) rebounded from Friday’s sell-off in today’s session, as the token moved closer to a breakout of $21,000.

Following yesterday’s low of $20,132.50, BTC/USD surged to an intraday high of $20,988.39 to start the weekend.

Today’s move sees the world’s largest cryptocurrency hover close to its highest level in nearly six weeks.

Bitcoin, Ethereum Technical Analysis: BTC Nears $21,000, ETH Above $1,640 on Saturday
BTC/USD – Daily Chart

As a result of today’s move, the 14-day relative strength index (RSI) is now nearing a ceiling of its own.

Although price strength failed to overcome the resistance at 66.00 this week, bulls appear determined to retest this point.

If a breakout occurs, the token will rise to above $21,000 and possibly even move closer to $22,000.


Ethereum (ETH) was also higher to start the weekend, as prices rose by nearly 20% in today’s session.

The ETH/USD pair reached a high of $1644.28 in the morning, just after falling to $1,494.75 Friday.

Following today’s rally, the token founded by Vitalik Buterin rose to its highest point since September 13.

Bitcoin, Ethereum Technical Analysis: BTC Nears $21,000, ETH Above $1,640 on Saturday
ETH/USD – Daily Chart

After a failure earlier this week, prices moved through the $1,590 resistance level.

Despite breaking the price ceiling, the RSI now faces a ceiling, which can lead to greater uncertainty.

As of this writing, the price for ETH/USD was $1,614.21, which is lower than its prior peak.

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Were there any other surges in ETH last weekend? Please leave your comments.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has previously been a broker director and retail trade educator. He is currently a commentator on various asset classes including Crypto, Stocks, and FX.

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