Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 to Start the Week
Bitcoin started the week trading above $19,000, as bulls made a sluggish return to the token, following recent sell-offs. Ethereum also rallied on Monday, after a brief stint trading below $1,300. Overall, the global crypto market is down 1.19% as of writing. Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs. Following a low of $19,118.19 on Sunday, BTC/USD raced to an intraday high of $19,491.33 earlier in the day. Monday’s move saw the world’s largest cryptocurrency climb towards a key price ceiling of $19,500. BTC/USD – Daily Chart Looking at the chart, the rebound in price comes as the 14-day relative strength index (RSI) 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 t...