BTC Back Above $28,000 Over Easter Weekend – Market Updates Bitcoin News
Bitcoin was back above $28,000 on Saturday as markets continued to react to the latest non-farm payrolls (NFP) report. Figures released on Friday showed that 236,000 jobs were added to the US economy last month. Ethereum was also back in the green to start the weekend.
Bitcoin
Bitcoin (BTC) surged back above the $28,000 level on Saturday as markets continued to react to the latest NFP report.
Salary came in at 236,000, which was marginally lower than the sum of 240,000 many expected.
BTC/USD rose to an intraday high of $28,159.86 earlier in today’s session, less than 24 hours after trading at a low of $27,824.15.
Looking at the chart, it appears that the price increase is coming as the Relative Strength Index (RSI) bounced off the floor of 58.00
At the time of writing, the index is trading at 59.07, which has helped delay an inevitable downward cross with the 10-day (red) moving average and its 25-day (blue) counterpart.
BTC is trading at $28,024.28 at the time of writing.
Ethereum
Ethereum (ETH) started today’s session in the green as prices attempted to move back towards the $1,900 level.
After a low of $1,845.99 on Friday, ETH/USD climbed to a high of $1,879.11 to start the weekend.
The move saw the world’s second-largest cryptocurrency snap a two-day losing streak, after staying above a floor of $1,830.
Despite the weak price increase, ethereum’s price strength remains below a key support point at 61.00.
At the time of writing, the 14-day RSI is being tracked at 60.42, and should a breakout occur, there would be a greater chance of the price moving above $1,900.
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Will Ethereum Continue to Consolidate This Weekend? Leave your thoughts in the comments below.
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