Bitcoin and Ethereum prices have surged to reach significant targets, with Bitcoin surpassing $92,500 and Ethereum hitting $1,800. Both assets maintain bullish trends with EMA50 support. However, overbought conditions indicated by RSI present a cautionary signal. Crude oil prices have also risen, driven by a technical pattern, despite emerging weakness in RSI.
In the latest trading session, Bitcoin price surged, reaching the target of $92,500. The price is currently making an effort to break through this level, supported by a prevailing bullish trend in the short term. Continuing positive momentum is evidenced by trading above the EMA50.
However, negative signals have appeared on the Relative Strength Index (RSI), indicating overbought conditions that may slow down the upward trajectory as traders may need to take profits.
Ethereum also experienced a significant rise, reaching the projected target of $1,800. This advance is facilitated by a bullish correctional trend and a trendline support, bolstered by positive signals on the RSI, despite indicators showing overbought status as it trades above the EMA50.
Bitcoin price (BTCUSD) has further increased, surpassing the previous target of $90,000. This movement is confirmed by a continuing bullish trend and trendline support, alongside positive RSI signals even though overbought conditions are present.
Crude oil prices have also seen a substantial increase during recent trading, attributed to an inverted head and shoulders pattern in the short-term framework. This rise is further supported by trading above the EMA50, although early signs of weakness in RSI following the overbought levels have emerged, indicating potential volatility ahead.
