Bitcoin, Ethereum Technical Analysis: BTC Remains Near $23,000 to Start the Week

Bitcoin, Ethereum Technical Analysis: BTC Remains Near $23,000 to Start the Week


Bitcoin continued to hover around the $23,000 level on Jan. 23, as bullish sentiment remained high in markets. Over the weekend the world’s largest cryptocurrency rose to its strongest level since August, with bulls moving to consolidate these gains. Ethereum also traded in the green today, remaining above $1,600 in the process.

Bitcoin

Bitcoin (BTC) continued to trade near a five-month high to start the week, as sentiment in crypto markets remained bullish.

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Following a low of $22,387.90 on Sunday, BTC/USD hit an intraday peak of $23,056.73 earlier in today’s session.

On Saturday, BTC rose to a high of $23,375, which was its strongest point since August 18, and it appears as though bulls are hoping to recapture this point.

In order to achieve this,

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