BTC back above $1,900 on Saturday, as prices consolidate following recent volatility.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Week of Intense Volatility
Following what has been a turbulent week of trading, bitcoin prices consolidated to start the weekend. The token rose marginally above the $19,000 level on Saturday, hovering near a three-month low in recent days. Ethereum was also consolidating in today’s session, as prices moved back above $1,300.) rose marginally above $19,000 on Saturday, as markets continued to digest this week’s heightened level of volatility.
Following a low of $18,617.55 on Friday, the world’s largest cryptocurrency rose to an intraday peak of $19,374.55 earlier today. This move saw bitcoin climb back above its key support point of $19,300, following a recent breakout which sent prices to a three-month low.Looking at the chart, the initial price increase in today’s session came as the 14-day relative strength index also moved higher, hitting a resistance level in the process./USD prices have fallen from earlier highs, and as of writing are trading at $19,061.70.
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