בטק צוריק העכער $ 21,000, נאָך שטאַרק כינעזיש גדפּ פיגיערז - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

Bitcoin climbed back above $21,000 on Jan. 17, as markets reacted to better-than-expected Chinese gross domestic product (GDP) figures. The economic release comes as U.S. traders also returned to action, following the observation of the Martin Luther King Jr. Day celebration. Ethereum rose briefly above $1,600 earlier in the session.

ביטקאָין

ביטקאָין (בטק) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China.

Figures from the world’s second largest economy showed that gross domestic product rose by 3% last year, higher than the 2.8% expected.

ווי אַ רעזולטאַט פון דעם, בטק/USD rose to a high of $21,360.87 earlier in the day, less than 24 hours after falling to a bottom at $20,715.75.

Looking at the chart, today’s rebound in price has pushed bitcoin closer to its long-term resistance level of $21,400.

This ceiling has been in place for the past two months, and was marginally broken over the weekend.

The 14-day relative strength index (RSI) continues to hover close to a ceiling of 90.00, and should בטק bulls intend to climb above $21,400, this ceiling on the RSI must first be broken.

עטהערעום

אין דערצו צו בטק, עטהערעום (עטה) climbed higher in today’s session, with prices briefly moving beyond the $1,600 level

נאָך אַ נידעריק פון $1,529.57 צו אָנהייבן די וואָך, עטה/USD surged to an intraday peak of $1,603 in the early hours of this morning.

Prices have since slipped, and as of writing, the world’s second largest cryptocurrency is trading at $1,569.75.

Overall, with prices significantly overbought, and with bullish momentum seemingly at its peak, many expect a reversal could be on its way.

Currently the RSI of 14 days is tracking at 83.84, which is its highest level since August 2020, when price was trading below $1,200.

Although there are still long-term bulls, it is likely that ethereum could move into consolidation up until price strength is in more neutral territory.

פאַרשרייַבן דיין E- בריוו דאָ צו באַקומען וויקלי דערהייַנטיקונגען פון פּרייַז אַנאַליסיס געשיקט צו דיין ינבאָקס:

Could we see ethereum move lower in the coming days? Leave your thoughts in the comments below.

אלימאן דאמבעל

Eliman ברענגט אַן יקלעקטיק פונט פון מיינונג צו מאַרק אַנאַליסיס. ער איז געווען פריער אַ בראָוקערידזש דירעקטאָר און אָנליין טריידינג עדזשאַקייטער. דערווייַל, ער אקטן ווי אַ קאָמענטאַטאָר אין פאַרשידן אַסעץ קלאסן, אַרייַנגערעכנט קריפּטאָ, סטאַקס און פקס, בשעת אויך אַ סטאַרטאַפּ גרינדער.