CRYPTO NEWS - Market is Warming Up Increase for 3% - Bitcoin Price is $31000
CRYPTO NEWS - Market is Warming Up Increase for 3% - Bitcoin Price is $31000
00:01 Intro
01:12 Crypto News Today
02:08 Bitcoin News
03:21 Ethereum News
04:11 Bitcoin Technical Analysys
05:03 Bitcoin Price Prediction
07:46 Outro
ETH briefly rose above $2,000 on Tuesday, as crypto bulls were once again present in today’s market session. BTC was also higher, with the world’s largest cryptocurrency climbing to its highest point in nearly three weeks.

Bitcoin
Bitcoin rose to its highest level in nearly three weeks on Tuesday, as crypto prices continued to rally, following recent losses.

Following a low of $29,363 to start the week, BTC/USD surged to a peak of $31,949.63 earlier today.

This peak is the highest level bitcoin has traded at since May 9, when markets were on a four-day downward spiral from $40,000.

After an attempted breakout of its $30,500 resistance level on Monday, today has seen this point easily surpassed. However, it appears as if price uncertainty is already creeping in.

Looking at the chart, you can see we are now below earlier highs, with the 14-day RSI (relative strength index) also tracking at 50.

Relative strength hasn’t moved from this point in nearly two months, but should we see this finally happen, the long climb back towards $40,000 may have truly commenced.

Ethereum
Ethereum’s long climb back to $2,000 started and ended today, as ETH briefly recaptured this point, before tailing off as the session progressed.

ETH/USD rose to an intraday high of $2,005.49 on Tuesday, which comes less than 24 hours after trading at a low of $1,877.64.

Today’s gains see ethereum climb by over 10% in the last two sessions, with a recent resistance level being broken in the process.