{"id":19613,"date":"2023-04-08T13:23:40","date_gmt":"2023-04-08T13:23:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-back-above-28000-on-easter-weekend-market-updates-bitcoin-news\/"},"modified":"2023-04-08T13:23:40","modified_gmt":"2023-04-08T13:23:40","slug":"btc-back-above-28000-on-easter-weekend-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-back-above-28000-on-easter-weekend-market-updates-bitcoin-news\/","title":{"rendered":"BTC Back Above $28,000 on Easter Weekend \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Bitcoin was back above $28,000 on Saturday, as markets continued to react to the latest nonfarm payrolls (NFP) report. Figures released on Friday showed that 236,000 jobs were added to the U.S. economy last month. Ethereum was also back in the green to start the weekend.<\/strong><\/p>\n

Bitcoin<\/h2>\n

Bitcoin (BTC<\/a>) surged back above the $28,000 level on Saturday, as markets continued to react to the latest NFP report.<\/p>\n

Payrolls came in at 236,000, which was marginally lower than the 240,000 sum many were anticipating.<\/p>\n

BTC<\/a>\/USD rose to an intraday high of $28,159.86 earlier in today\u2019s session, less than 24 hours after trading at a low of $27,824.15.<\/p>\n

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BTC<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, it appears that the increase in price comes as the relative strength index (RSI) bounced from its floor at 58.00<\/p>\n

As of writing, the index is tracking at 59.07, which has helped delay an inevitable downwards cross with the 10-day (red) moving average and its 25-day (blue) counterpart.<\/p>\n

BTC<\/a> is trading at $28,024.28 at the time of writing.<\/p>\n

Ethereum<\/h2>\n

Ethereum (ETH<\/a>) started today\u2019s session in the green, as prices attempted to move back towards the $1,900 level.<\/p>\n

Following a low of $1,845.99 on Friday, ETH<\/a>\/USD climbed to a peak of $1,879.11 to start the weekend.<\/p>\n

The move saw the world\u2019s second largest cryptocurrency snap a two-day losing streak, after staying above a floor at $1,830.<\/p>\n

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ETH<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Despite the slight increase in price, ethereum\u2019s price strength remains below a key support point at 61.00.<\/p>\n

As of writing, the 14-day RSI is tracking at 60.42, and should a breakout occur, there will be a greater chance of price moving above $1,900.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Will ethereum continue to consolidate this weekend? Leave your thoughts in the comments below.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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