BTC, ETH surge past key resistance levels, both hitting 5-day highs.
Ethereum also rallied to a similar milestone earlier in today’s session, as cryptocurrency markets continue to move away from recent bearish sentiment. As of writing, the global market cap is trading 0.38% higher.Bitcoin moved to its highest point in five days on Tuesday, as bearish sentiment began to gradually fade./USD hit an intraday high of $19,667.00 earlier in today’s session, which follows up from Monday’s bottom of $19,427.00.
The move saw price climb beyond a key resistance point of $19,550, hitting its strongest point since Friday in the process.Looking at the chart, today’s move comes as the 14-day relative strength index continues to trade above its ceiling of 48.50. As of writing, the index is tracking at 51.18, however, some earlier bulls have liquidated their positions, with prices now trading slightly lower at $19,584.52.
Despite this slight decrease in price, bulls are likely to continue targeting $20,000, which hasn’t been hit since October 6.
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