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Bitcoin, Ethereum Technical Analysis: BTC Races to 3-Week High on Monday – Market Updates Bitcoin News

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BTC hits 3-week high to start the week.

/USD rose to a high of $1,302.24 earlier in today’s session, less than 24 hours after falling to a low of $1,253.16.

As a result of this, the world’s second largest cryptocurrency has now marginally broken out of a long-term resistance point of $1,300.Similar to the trend on bitcoin’s chart, ethereum’s moving average of 10 days continues its upwards ascent versus the 25-day MA. The 14-day RSI has also climbed, with the index tracking at 52.87, which is above a ceiling of 52.00.

Once bulls are finally able to break this current wall, the next target for traders will likely be the $1,350 point.Tags in this story

 

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Bitcoin will definitely recover by the end of December. That's why I'm keeping a long on bitfinex open

It may be a sign of bull trend. If bitcoin starts trending, other significant cryptos like eth and some others will do the same. It is time to catch the dips.

climb to freefall

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