💪 BTC/USDT - Although the past week hasn't been the most successful for Bitcoin, various metrics still point towards a long-term bullish forecast for the leading cryptocurrency. Currently, the Reserve Risk indicator is in the green zone and attempting to break out of it, indicating that long-term holders will be accumulating BTC, signaling an impending recovery. Forecast: In the coming days, the price of Bitcoin is likely to demonstrate growth to $70,000 and beyond. The nearest significant resistance lies at $71,370. The asset has repeatedly attempted to break through this barrier since mid-March, but this time, the surge in bullish sentiment will help it develop sufficient strength. However, #BTC will first need to deal with the less significant resistance at $68,250. If the breakout attempt fails, the price of the primary cryptocurrency will fall again to $65,300. Losing this level will invalidate the bullish thesis and lead to a test of the $61,730 level.
😁 SOL/USDT - The growing interest in #Solana as the preferred blockchain for launching new meme coins and trading them has a dual effect. A notable increase in network activity has led to a surge in unsuccessful transactions, worrying both users and developers. After peaking at 8.5 million transactions on DEX on March 30, the figure dropped to 5.6 million, indicating possible technical difficulties and growing trader disillusionment. Forecast: Recent technical models, including the death cross, combined with the declining number of transactions and a strong ADX indicator, paint a bearish picture for Solana. If the trend persists, the price of #SOL may test the support level at $167 and drop to $137. However, if developers can effectively address technical issues, the scenario may change for the better. In that case, the asset potentially will test the next resistance at $205 or even $210.
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