) jumped back above the $27,000 level to start the week, as sentiment showed glimpses of shifting after last week’s bear run./USD raced to an intraday peak of $27,521.62 earlier in today’s session.
The move saw the world’s largest cryptocurrency continue to move away from a floor at $26,500, and a recent two-month low.Monday’s rise in price sees bitcoin move higher for a second straight day, breaking out of a ceiling on the relative strength index in the process. At the time of writing, price strength is now tracking at 43.66, which is marginally above the aforementioned resistance at 43.00.
Bulls will now likely be looking to reenter the $28,000 level, which was last hit this past Thursday.
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