BTC rallies to start the week, climbing back above $30,000.
The world’s largest cryptocurrency was trading higher on Monday, as prices once again rose above the $30,000 level./USD rallied to a peak of $31,342.18 earlier in today’s session.
This move comes after the interim support level of $29,500 held firm over the weekend, with bulls using this as a point of re-entry.Looking at the chart, prices have gone from this short-term support, to now breaking out of resistance at $30,600.is now trading at a six-day high, with many now hoping to see prices climb above the next hurdle, which is the $32,500 point.
As of writing, the 14-day RSI is trading at its highest level since April 6, which is also a resistance point, and unless broken, we may see today’s gains ease as the week progresses.also rebounded to start the week. However, prices continue to trade below $2,000 following last week’s sell-off./USD fall below $2,000, hitting a low of $1,742 in the process, but it has since strung together back-to-back sessions of gains.
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