NFT News by Thebittimes.Com

Bitcoin was back in the green on Saturday, as bulls returned to cryptocurrency markets to start the weekend. The token moved closer to a peak of $21,000, rebounding from Friday’s sell-off in the process. Ethereum was also higher in today’s session, climbing by nearly 10%. Bitcoin Bitcoin (BTC) rebounded from Friday’s sell-off in today’s session, as the token moved closer to a breakout of $21,000. Following yesterday’s low of $20,132.50, BTC/USD surged to an intraday high of $20,988.39 to start the weekend. Today’s move sees the world’s largest cryptocurrency hover close to its highest level in nearly six weeks. BTC/USD – Daily Chart As a result of today’s move, the 14-day relative strength index (RSI) is now nearing a ceiling of its own. Price strength has already failed to break out of the aforementioned resistance of 66.00 earlier this week, however bulls seem set on retesting this point. Should a breakout occur, ...

Bearish sentiment returned to cryptocurrency markets on Saturday, as bitcoin was once again in the red. The world&#x2019 ;s largest token moved lower to start the weekend, following yesterday’s surge towards $20,000. Ethereum was also down today, falling below $1,300 in the process. Bitcoin Bitcoin (BTC) was in the red to start the weekend, as bearish sentiment returned to cryptocurrency markets . BTC was higher on Friday, as market uncertainty eased, following the latest U.S. inflation report, however it seems as though this turbulence has returned this weekend. As a result, BTC/USD fell to an intraday low of $19,076.63 earlier in the day, less than a 24 hours after hitting a peak of $19,821.40. BTC/USD – Daily Chart Looking at the chart, the drop in price has pushed the 10-day (red) moving average (MA) close to an imminent downward crossover with its 25-day (blue) counterpart. In addition to this, the 14-day relative strength index (RSI) is now back below the 50....