ETH, BTC Rebound After Weekend Selloff – Market Updates Bitcoin News - BitcoinEthereumNews.com
Bitcoin and ethereum prices rebounded on Monday, after declining throughout the weekend. As the Russian invasion of Ukraine heightened, crypto traders appeared to take a risk-off approach this weekend, however some bulls seemed to return to start the week. Bitcoin Bitcoin ended two consecutive sessions of decline to start the week, as the worlds largest cryptocurrency seemed to have found its price floor. BTC/USD hit an intraday low of $37,268.98 earlier in todays session, with prices now climbing towards resistance above $40,000. This rebound comes after prices found support at $37,000 on Sunday, which was the lowest level BTC had hit since Friday. बीटीसी / यूएसडी - दैनिक चार्ट Looking at the chart, Mondays move comes just as the 14-day RSI has marginally broken past its own ceiling at 46, and is currently tracking at 47.84. In addition to this, the momentum of the 10-day moving average (red) is now moving in a sideways path, which could set the floor for a potential upward change in direction. With BTC now hovering on the periphery of $40,000, history does show that price uncertainty heightens here. Bulls will look to evade these bears which typically live in this zone. Ethereum The price of ETH was also higher to start the week, with