Bitcoin (BTC) and Ethereum (ETH) Price Analysis đ
Bitcoin (BTC)
#Bitcoinconfirmed bullish trends by trending well above the 50 and 200-day EMAs.
#BTCbreaking through the 69.000$ resistance level could signal a return to 70.000$ . A break above 70.000$ could support a move towards the ATH level of $73.808.
On the other hand, a drop below 65.000$ could signal a decline towards the 50-day EMA and the 64.000$ support level. Buying pressure may increase at the support level of 64.000$ .
The 14-day RSI value of 64.45 indicates that Bitcoin could move towards the 70.000$ level before entering the overbought zone.
Ethereum (ETH)
#Ethereumremained above the 200-day EMA and below the 50-day EMA, confirming bearish signals in the near term and bullish signals in the long term.
A break above the 50-day EMA could give#ETHa run towards the 3.480$ level. A breakout from the 3.480$ resistance level could bring $3.600 into play.
Conversely, a fall below the 3.244$ support level could lead to a run towards the 200-day EMA.
The 14-day RSI value of 45.63 indicates that ETH could fall below the 200-day EMA before entering the oversold zone
