Bitcoin Soars Past $49K, Eyes $50K Milestone Amid Global Trading Frenzy

Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor of $1,535.

Bitcoin

Bitcoin (BTC) retreated below the $27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of $26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of $27,092.70 as the day progressed.
Although BTC has since slipped, and is currently trading at $26,866.74, it is still higher than yesterday’s bottom.
BTC/USD – Daily Chart
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above $27,000.
Overall, bitcoin is trading 4% lower than at the same point last week.

Ethereum

Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of $1,571.75 on Friday, however has since fallen to a current reading of $1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, which was marginally above a support point at $1,535.Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor of $1,535.

Bitcoin

Bitcoin (BTC) retreated below the $27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of $26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of $27,092.70 as the day progressed.
Although BTC has since slipped, and is currently trading at $26,866.74, it is still higher than yesterday’s bottom.
BTC/USD – Daily Chart
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above $27,000.
Overall, bitcoin is trading 4% lower than at the same point last week.

Ethereum

Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of $1,571.75 on Friday, however has since fallen to a current reading of $1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, which was marginally above a support point at $1,535.Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor of $1,535.

Bitcoin

Bitcoin (BTC) retreated below the $27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of $26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of $27,092.70 as the day progressed.
Although BTC has since slipped, and is currently trading at $26,866.74, it is still higher than yesterday’s bottom.
BTC/USD – Daily Chart
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above $27,000.
Overall, bitcoin is trading 4% lower than at the same point last week.

Ethereum

Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of $1,571.75 on Friday, however has since fallen to a current reading of $1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, which was marginally above a support point at $1,535.Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor of $1,535.

Bitcoin

Bitcoin (BTC) retreated below the $27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of $26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of $27,092.70 as the day progressed.
Although BTC has since slipped, and is currently trading at $26,866.74, it is still higher than yesterday’s bottom.
BTC/USD – Daily Chart
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above $27,000.
Overall, bitcoin is trading 4% lower than at the same point last week.

Ethereum

Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of $1,571.75 on Friday, however has since fallen to a current reading of $1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, which was marginally above a support point at $1,535.
Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor of $1,535.

Bitcoin

Bitcoin (BTC) retreated below the $27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of $26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of $27,092.70 as the day progressed.
Although BTC has since slipped, and is currently trading at $26,866.74, it is still higher than yesterday’s bottom.
BTC/USD – Daily Chart
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above $27,000.
Overall, bitcoin is trading 4% lower than at the same point last week.

Ethereum

Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of $1,571.75 on Friday, however has since fallen to a current reading of $1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, which was marginally above a support point at $1,535.Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor of $1,535.

Bitcoin

Bitcoin (BTC) retreated below the $27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of $26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of $27,092.70 as the day progressed.
Although BTC has since slipped, and is currently trading at $26,866.74, it is still higher than yesterday’s bottom.
BTC/USD – Daily Chart
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above $27,000.
Overall, bitcoin is trading 4% lower than at the same point last week.

Ethereum

Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of $1,571.75 on Friday, however has since fallen to a current reading of $1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, which was marginally above a support point at $1,535.Bitcoin retreated from a brief spell above $27,000 on Saturday, as uncertainty in the market remained high to start the weekend. The global cryptocurrency market was marginally higher to start the weekend, trading 0.42% higher as of writing. Ethereum continued to consolidate above a recent floor of $1,535.

Bitcoin

Bitcoin (BTC) retreated below the $27,000 level to start the weekend, after a late surge in price on Friday.
Following a low of $26,686.32 earlier in Friday’s session, BTC/USD peaked at a high of $27,092.70 as the day progressed.
Although BTC has since slipped, and is currently trading at $26,866.74, it is still higher than yesterday’s bottom.
BTC/USD – Daily Chart
The consolidation comes as the relative strength index (RSI) continues to hover above a floor at the 45.00 mark.
Whilst now tracking at 46.72, the next target is likely to be at a ceiling of 50.00, and if hit, bitcoin will be back above $27,000.
Overall, bitcoin is trading 4% lower than at the same point last week.

Ethereum

Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend.
ETH/USD reached a high of $1,571.75 on Friday, however has since fallen to a current reading of $1,546.80.
This is slightly higher than yesterday’s low at $1,538.09, which was marginally above a support point at $1,535.