Bitcoin Continues Positive Trend Amid Market Uncertainties
TL;DR
Bitcoin and Ethereum prices rose over the weekend, with BTC nearing $29,000 and ETH moving back above $1,800. The rise in BTC prices was attributed to the personal consumption expenditure figures in the US, which showed that inflation was slowing. BTC briefly broke out of a long-term resistance level of $28,500, but gains have since declined. ETH broke free of its own resistance level at 59.00, and if the RSI moves closer to the 62.00 region, ethereum bulls will send prices towards a long-term target of $1,900.
Topics:businesscryptocurrency#bitcoin#cryptocurrency#cryptocurrency-markets#ethereum#personal-consumption-expenditure#resistance-level
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