Bitcoin, Ethereum Technical Analysis: Ethereum Surges 10% to Start February – Market Updates Bitcoin News

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Cryptocurrencies traded higher to start February, ETH is trading close to 10% higher, with bitcoin gaining almost 4% today.

Bitcoin, which fell by as much as $16,000 last month, has recently started to regain some steam, climbing by over 11% in the last week./USD hitting an intraday high of $39,026.79, its highest level since January 21st.

Today’s move saw its 14-day RSI climb above the resistance level of 40, and is currently racking at 41, which is the highest price strength has recorded in the last 20-days. As a result of this rally, prices have marginally broken out of the long-term descending triangle channel, with many now expecting an imminent rise to $40,000.Looking at the chart above, although the RSI has moved past the level of 40, there still appears to be significant resistance at current levels, which could potentially cause some bulls to tread carefully.was also higher to start the new month, and was one of the big movers within the top 10 ranked cryptocurrencies.

 

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I'm not surprised that this is finally happening. plan to hodl them on bitfinex

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It sounds relieving.Bought some dips with my tether.

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Happy LUNA r New Year !!!

I’m watching $40-$41k as the next resistance for Bitcoin If we can break this range with confirmation then the 2nd half of the bull market is starting rawkz_t has been very helpful as I have added massively to my holdings through her tips and post, it has been wonderful

If bitcoin crashes the whole crypto market will crash too, Everything is Correlated to Btc right now bitcoin will not crash We are just in a bear market Y’all follow oceanbvc She’s a super minimized Bitcoiner who have been following her tweets and tip closely Follow her

Seems like it’s still working good to not jump into emotional longs at this point We all feel the FOMO when Bitcoin is pumping Everyone should be following btcblab he is a super underrated bitcoiner I’ve been taking his tweets and tips seriously & it’s been great Follow her

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