Weekly Analysis of $BTC , $ETH - GNCrypto Analytics
Despite the short-term downtrend and negative sentiment among traders, BTC remains in a sideways range within the broader support zone of $51,000–$54,600. If buyers fail to defend this range, the situation could deteriorate significantly, with BTC potentially dropping to $49,000. A break below this level would signal the start of a deeper downtrend, making $49,000 a critical level for buyers.
For the price to resume its upward momentum, BTC must break through the resistance level at $59,086 and then overcome the resistance zone of $61,300–$65,500. Only after a sustained move above $65,500 can we confidently talk about a return to an uptrend.
ETH is currently trading within the buyer’s zone of $2,100–$2,300, and its reaction to this range will determine the asset’s next movement. If ETH drops below $2,100, the next support level is the psychological mark of $2,000. Losing this level could indicate a shift into a prolonged downtrend that could last several months. A potential return to growth will only be possible after testing the seller’s zone at $2,700–$2,850.