ETH has moved to the $ 1,200 area to start the weekend as prices have risen three times in a row. Bullish sentiment has been lost from the crypto market in recent months, but timely returns have also seen BTC near the highest point of the week.
Bitcoin
Bitcoin entered the weekend trading on the green as the Bulls extended their recent run three times in a row.
Following a low of $ 20,794.19 during the Friday session, BTC / USD rose to a peak during the day on Saturday at $ 21,520.91.
Today’s move has reached its highest since Tuesday when Bitcoin was trading at $ 21,732.
This seems to be the next target for bulls who need to overcome this hurdle to reach their next destination for $ 22,000.
Looking at the charts, there is another hurdle they have to overcome first. That is the upper limit of the RSI of 36.45.
If this breaks down, the bulls will gain momentum and prices may reach their respective targets.
Ethereum
After some turmoil in the middle of the week, bullish sentiment returned and ETH started trading higher on the weekend.
The price of the world’s second-largest crypto token reached a high of $ 1,238.62 on Saturday, following a low of $ 1,146.52 yesterday.
As discussed yesterday, when the $ 1,190 resistance was broken, the bull re-entered with considerable pressure.
At the time of writing, ETH was at its highest point in 9 days and has risen by nearly 10% in the last 7 days of trading.
Like BTC, Ethereum has just encountered a resistance point through the 14-day RSI, which could lose some upward momentum until it is broken.
Can you see ETH move to $ 1,300 this weekend? Please leave your thoughts in the comments below.
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