Bitcoin broke through the high of $68,400 on the evening of the 16th. Next, $69,000 will become a key hurdle. If it really breaks through, there may be a big rise before November.
At night, it retreated a little and tried the support of $67,000, but it was still rising overall. These days, it is like a wild horse running all the way. Although it occasionally falls, the general direction has not changed and it is still going up.
Let's talk about Ethereum. It has been consolidating there for several weeks. Finally, it has fought back a little in the past two days and broke through $2,600. This week, it has risen by nearly 7%, and those altcoins that have a good relationship with Ethereum have also been carried away for a while.
However, if Ethereum gets stuck at $2,806, or loses momentum, the market may have to retreat. We need to keep an eye on the support point of $2,530. If the price drops, it may fall even harder, perhaps to $2,300.
