Ethereum was back above $1,200 on Saturday, as bullish sentiment returned to cryptocurrency markets to start the weekend. Following recent stints in the red, the global crypto market cap is trading 1.91% higher as of writing. Bitcoin was also back in the green.
Bitcoin
Bitcoin (BTC) was marginally higher to start the weekend, as prices moved closer to a key resistance level.
Following a low of $16,456.65 on Friday, BTC/USD rose to an intraday high of $16,666.86 earlier in today’s session.
This move saw the world’s largest cryptocurrency move closer to a ceiling of $16,800, which it last hit on November 18.
Looking at the chart, Saturday’s surge sent the token to a ceiling on the relative strength index (RSI) of 41.00.
As of writing, the index is tracking at 40.00, following an earlier failed breakout attempt, which has since sent BTC lower.
Currently bitcoin is trading at $16,614.71, as earlier bulls moved to liquidate their positions.
Ethereum
Ethereum (ETH) was over 3% higher o
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