The current price of a bitcoin is $16,838, and the volume of trades in the last 24 hours is $16 billion. CoinMarketCap is ranked first with a live market cap of $323 billion.
If the BTC/USD pair breaks above $17,000, it will almost certainly continue to rise toward the $17,500 barrier level.
If Bitcoin prices go below $16,500, the next level of support is at $16,320.
The 50-day moving average continues to exert pressure on Bitcoin, although the RSI and MACD are both in a positive buying zone. Today’s price of $17,000 is likely to be a watershed moment for Bitcoin, so keep an eye on it.
Ethereum’s current price is $1,222, with a $5.5 billion 24-hour trading volume. In the last 24 hours, Ethereum has gained nearly 0.50%, and CoinMarketCap currently ranks second, with a live market cap of $149 billion.
On the 4-hour chart, Ethereum has been struggling below $1,220, and the closing doji and bearish engulfing candle imply a likely bearish reversal.
Short-term supports for Ethereum are between $1,180 and $1,150.
If the $1,180 support level is breached, the bearish trend might extend all the way to $1,150. If the price of Ethereum rises above $1,220, the bullish trend could continue until the price of Ethereum rises above $1,270.
Compiled by Coinbold