#BitcoinHashRateSurge
CRITICAL RESISTANCE LEVELS IN THE CRYPTOCURRENCY MARKET: BTC STRUGGLES BELOW $100,000, ETH STRUGGLES BELOW $3,700
Bitcoin (BTC) continues to test the $100,000 level; however, it is having difficulty overcoming this critical resistance. BTC, which has increased by 3.16% in the last 24 hours and is trading at $96,568, shows that investor confidence is increasing.
Ethereum (ETH) is also following a similar trend and is trading below the $3,700 level. Analysts state that ETH's overcoming the $3,500 resistance level strengthens the bullish sentiment.
Market participants expect these critical levels to be overcome, especially with increasing volumes during US trading hours. However, factors such as miner selling pressure and profit realization by long-term investors prevent BTC from exceeding the $100,000 level.
It is predicted that BTC can target $102,500 by opening a long position in the $99,000-99,400 range, while ETH can target $3,800 with a long position in the $3,640-3,670 range.
As a result, volume growth and investor confidence must continue to exceed critical resistance levels in the cryptocurrency market.
