Bitcoin (BTC) held $49,000 en agosto. 28 after the United States Federal Reserve sparked a run-up toward critical resistance.

Gráfico de velas de 1 hora BTC / USD (Bitstamp). Fuente: TradingView

All eyes on $49,300 on the weekly chart

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling at higher levels after cracking the $49,000 mark late Friday.

The end of the working week had seen a positive reaction to comments from Fed Chair Jerome Powell on tapering of asset purchases, as well as remarks on inflation.

Como informó Cointelegraph, stocks surged to all-time highs, mientras que EE. UU.. dollar weakened — Bitcoin made use of the opportunity and added $1,500 en menos de una hora.

With talk of a newbullish impulsemove afoot on crypto markets, the mood into the weekend was thus far from bearish.

If BTC is able to stay above the ~$49000 level for the rest of the weekIt would set itself up for a phenomenal Weekly Close,” trader and analyst Rekt Capital summarized.

That weekly close had a solid chance of beating the last at the time of writing, con $49,300 the level to clinch for a multi-month high.

That would also place Bitcoin back in the tiny two-month window in which it closed above $49,000 on the weekly chart earlier this year.

Gráfico de velas de 1 semana BTC / USD (Bitstamp). Fuente: TradingView

Should be pretty obvious where Bitcoin is heading,” popular Twitter account Ryan Cantering Clark added.

A look at buy and sell levels on major exchange Binance on the day meanwhile revealed a support line slowly building at around $48,800, forming a close stand-off with sellers just below $50,000.

BTC/USD buy and sell levels (Binance) as of Aug. 28. Fuente: Indicadores de material / Twitter

Cardano bulls back in action as altcoins wake up

Altcoins meanwhile mostly benefited from renewed strength in Bitcoin.

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With the exception of a flat Binance Coin (BNB), the top ten cryptocurrencies by market cap saw solid 24-hour gains.

Cardano (AHI ESTA) bulls led the advance, ADA/USD climbing almost 10% a $2.85 and making up for much of its recently lost ground after hitting all-time highs. Solana (SOL) continued upwards after its own record high.

ADA/USD 1-day candle chart (Binance). Fuente: TradingView

Éter (ETH) was at $3,240, having increased by a more modest 4% and still down 1.5% versus the same time last week.