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

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BTC, ETH surge to 6-week highs on Saturday.

) rebounded from Friday’s sell-off in today’s session, as the token moved closer to a breakout of $21,000./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.As a result of today’s move, the 14-day relative strength index is now nearing a ceiling of its own. Price strength has already failed to break out of the aforementioned resistance of 66.00 earlier this week, however bulls seem set on retesting this point.

Should a breakout occur, we will not only see the token above $21,000, but potentially moving closer to $22,000.

 

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But it has never been able to break through 21K

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