Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Start the Week – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Start the Week – Market Updates Bitcoin News
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BTC back above $19,000, following weekend sell-off.

) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs./USD raced to an intraday high of $19,491.33 earlier in the day.BTCLooking at the chart, the rebound in price comes as the 14-day relative strength index recently broke out of its resistance at 48.00.

As of writing, the index is tracking at 49.42, with the next visible resistance point near the 56.00 level. Should price strength continue to move towards this point, we will likely see prices move towards the $20,000 mark.) also surged to start the week, with the token climbing for a second straight session.

After a brief breakout below its floor of $1,275 on Saturday, ethereum has put together a run of back-to-back gains. Today’s surge has seen the token hit a peak of $1,322.33, which comes a day after it was hovering around the $1,281.29 mark.

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