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Bitcoin and Ethereum Rebound from Recent Lows as Bulls Buy the Dip

Bitcoin saw a rebound on Saturday after hitting a two-month low, as investors bought the dip in price. The cryptocurrency rose from a recent support point following Friday's breakout, climbing above a key support point at $26,500. The 14-day relative strength index (RSI) found a floor at 36.00, and if bulls lead the charge to the possible target of 43.00, bitcoin could be back above $27,000 this weekend. Ethereum also saw an increase in position sizes as bulls took advantage of the multi-week low, rising above the $1,800 mark. The RSI found stable support at the 41.00 zone and price strength is now tracking close to a ceiling at 45.00, with a possible move back above a key point at $1,830.

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