Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, Climbing Back Above $27,000

Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, Climbing Back Above $27,000


Bitcoin was back in the green on Monday, as prices climbed back above the $27,000 level to start the week. Prices slipped to a two-month low over the weekend, however momentum has marginally shifted. Ethereum was also higher today.

Bitcoin

Bitcoin (BTC) jumped back above the $27,000 level to start the week, as sentiment showed glimpses of shifting after last week’s bear run.

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Following a low of $26,762.25 on Sunday, BTC/USD raced to an intraday peak of $27,521.62 earlier in today’s session.

The move saw the world’s largest cryptocurrency continue to move away from a floor at $26,500, and a recent two-month low.

Bitcoin chart by TradingView

new TradingView.widget( { “width”: “100%”, “height”: “400”, “symbol”: “BITSTAMP:BTCUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “light”,

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