At the beginning of this week, Bitcoin prices went up and passed above the $28,000 mark. The increase in price even caused the largest cryptocurrency to move past a barrier at $28,500. Ethereum also became more expensive and is closing in on the $1,900 level.
Bitcoin Reaches New Height After Easter Break Rally!
Bitcoin’s value went above $28,000 this week after the Easter break. It rose to a high of $28,532.83 and then dropped back down to around $27,828.48. The rally was likely caused by something called the 14-day relative strength index (RSI) which moved up from 58.00.
Right now, the index is showing a value of 61.07, and it would need to reach 65.00 for us to see any change. BTC is currently selling at 28,327.63 dollars.
On Monday, ETH’s price went up close to $1,900. It had dropped to $1,828.78 on Sunday. But buyers started coming back in and led the price to a peak of $1,873.06 at the start of the week. But their enthusiasm was not so strong as before this afternoon, because the RSI is close to hitting a very strong resistance level of 62.00.
Right now, Ethereum prices are really high at a number of 58.83. If it goes even higher above this point, the price could go up to almost $1,900! You can subscribe to our weekly email updates for more info on the latest price analysis. Do you think ethereum will continue going up this week? Let us know in the comments section below!