Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, as Bulls Enter the Market – Market Updates Bitcoin News

BTC rebounds to start the weekend, following Friday's move below $26,000.

After falling to a low of $25,878.43 on Friday,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 found a floor of its own at 36.00.

At the time of writing, price strength is tracking at 37.99, with a ceiling at 43.00 a possible target. Should bulls lead the charge to this point, it is likely that bitcoin will be back above the $27,000 level this weekend.

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