BTC Price Rally and Technical Flag
The crypto market tracking website CoinMarketCap shows that both BTC and ETH have experienced 24-hour price gains, with BTC's price up 0.94% and ETH's price up 0.06%. BTC's multi-week positive rally has pushed its price above the resistance level at $21,420, flipping it into support.
A technical flag to watch is the 9-week EMA crossing above the 20-week EMA, which would be a major bullish signal for BTC targeting $24,870. The 9-week EMA line is also set to cross above the 20-week EMA line on ETH's chart once ETH's price breaches the weekly resistance level at $1,740.
