BTC was trading higher on hump day, as bullish momentum picked up as the week progressed. Prices once again tested a key resistance level above $20,000, with ETH also hovering around a ceiling of its own during Wednesday’s session.
Bitcoin
Bitcoin was trading in the green for most of Wednesday’s session, as bullish pressure continued to intensify.
Following a low of $19,341.23 on Tuesday, BTC/USD was up by over $1,000 from this point earlier today.
Prices rose to a peak of $20,635.47 during the session, surging past the resistance point of $20,500 in the process.
Like on Tuesday, gains have somewhat eased following a collision with this resistance level, with bitcoin now trading at $20,219.85 as of writing.
However, should bulls manage to finally overcome this point, then we could see BTC move closer to a higher ceiling at $22,000.
This run may begin once we see a breakout of the current resistance level of 38.20 on the 14-day RSI indicator.
Ethereum
ETH was marginally higher on...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...