Bitcoin, Ethereum Technical Analysis: BTC Nears $21,000, ETH Above $1,640 on Saturday

Bitcoin was backmost successful the greenish connected Saturday, arsenic bulls returned to cryptocurrency markets to commencement the weekend. The token moved person to a highest of $21,000, rebounding from Friday’s sell-off successful the process. Ethereum was besides higher successful today’s session, climbing by astir 10%.

Bitcoin

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

Following yesterday’s debased of $20,132.50, BTC/USD surged to an intraday precocious of $20,988.39 to commencement the weekend.

Today’s determination sees the world’s largest cryptocurrency hover adjacent to its highest level successful astir six weeks.

BTC/USD – Daily Chart

As a effect of today’s move, the 14-day comparative spot scale (RSI) is present nearing a ceiling of its own.

Price spot has already failed to interruption retired of the aforementioned absorption of 66.00 earlier this week, nevertheless bulls look acceptable connected retesting this point.

Should a breakout occur, we volition not lone spot the token supra $21,000, but perchance moving person to $22,000.

Ethereum

Ethereum (ETH) was besides higher to commencement the weekend, arsenic prices roseate by astir 20% successful today’s session.

ETH/USD raced to a highest of $1,644.28 earlier successful the day, which comes aft it fell to a bottommost of $1,494.75 connected Friday.

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

ETH/USD – Daily Chart

The determination came arsenic prices broke done a cardinal absorption constituent of $1,590, pursuing a failed effort earlier successful the week.

Although the terms ceiling was broken, the RSI is present approaching a ceiling of its own, which could pb to accrued uncertainty.

As of writing, ETH/USD is trading astatine $1,614.21, comparatively little than its erstwhile peak.

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Will we spot immoderate further surges successful ETH this weekend? Leave your thoughts successful the comments below.

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