Cryptocurrencies are resuming their upward movement amid an almost euphoric atmosphere on Wall Street. Bitcoin is trading around $20,100, Ethereum is testing $1520.
- Markets are waiting for the release of Alphabet and Microsoft results after the Wall Street session. Cryptocurrencies have recently remained correlated with the stocks of technology companies, although the correlation has recently weakened in favor of gold;
- The strong performance of tech giants could drive the digital asset sector and help bulls push Bitcoin above $20,000.
- The biggest gainers are altcoins Cardano, Uniswap, Solana and Algorand.
Bitcoin chart, M15 interval. RSI reached a euphoric overbought level above 90 points after demand successfully managed to approach $20,000. Historically, these levels have indicated that at least a short-term correction is imminent. The intersection of the SMA200 and SMA50 averages indicates a 'golden cross' that may foreshadow a longer uptrend. Source: xStation15
