Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate After Monday’s Surge – Market Updates Bitcoin News

Bitcoin prices were marginally below yesterday’s high, as profit takers look to have closed some of their positions./USD rose to an intraday high of $45,293.87 during Monday’s session, however it’s tracking close to $43,354.61 today.

Yesterday’s move, which now looks like a false break, moved beyond its recent resistance of $43,770, en route to its highest point since January 5. The moving averages of 10-days and 25 days have crossed over on the upside, which many believe shows that the momentum may continue to surge until a true resistance is found.Should we see another swing, many could see this resistance as being close to the $50,000 level, which hasn’t been hit since late December.

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