Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in price. Saturday’s move came as the cryptocurrency rebounded from a recent support point, after yesterday’s breakout. Ethereum was also higher, climbing above $1,800.

Bitcoin

Bitcoin (BTC) moved away from a recent two-month low on Saturday, as bulls opted to buy the recent dip.

After falling to a low of $25,878.43 on Friday, BTC/USD rose to an intraday high of $26,989.07 earlier in the day.

Today’s rebound sees bitcoin jump back above a key support point at $26,500, following Friday’s breakout.

From the chart, it appears that this took place as the 14-day relative strength index (RSI) found a floor of its own at 36.00.

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Author: Eliman Dambell

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