To The Moon

Bitcoin Price

The leading cryptocurrency, Bitcoin, is consolidating near the $19,500 level, with a trading volume of $27 billion in 24 hours.

Bitcoin has increased by 2% in the last 24 hours. CoinMarketCap currently ranks first, with a live market cap of $375 billion.

Bitcoin found early support near $19,440 and has since rebounded to trade near $19,600. The BTC/USD pair has also surpassed the 50-day moving average, signaling a bullish trend.

A break below $19,440 might send BTC to the previous triple bottom support near $19,200, while another breach could send BTC to $18,900.

On the upside, resistance is still located near $19,650. If the price exceeds $19,650, investors will likely consider buying until $19,950.

Ethereum Price

The current price of Ethereum is $1,333, with a 24-hour trading volume of $9.5 billion. In the last 24 hours, Ethereum has surged over 2%. CoinMarketCap now ranks #2, with a live market cap of $163 billion.

The ETH/USD pair is currently trading at a critical resistance level of $1,340, which is backed up by a triple-top pattern. The 50-day moving average supports a bullish trend while extending support near the $1,295 level.

Above this, ETH is likely to show a bullish trend, but the downward trendline near $1,340 will act as a barrier.

A break of the $1,300 support level could expose ETH to the $1,293 or $1,270 support levels. Because the RSI and MACD indicate a buying trend, investors are likely to trade bullish upon a breakout of $1,340.

Trade safely