$BTC & $ETH Weekly Analysis - GNCrypto Analytics
Bitcoin is nearing the critical $100,000 mark, a psychological milestone that will define the strength of its ongoing bullish trend. How the market reacts to this level will be crucial—if BTC fails to break it initially, a pullback towards $94,700–$95,800 is possible. Should selling pressure increase, support could be found around the $90,000–$90,500 range. However, surpassing $100,000 will push the market into uncharted territory, where the key question is whether supply on exchanges can meet rising demand or if a supply squeeze will propel prices even higher.
Ethereum has also shown strength, breaking resistance and entering the critical $3,518–$3,560 range. This level will determine whether ETH can sustain its upward momentum. If buyers maintain control, ETH could target $3,650, potentially setting a new local high. However, if a correction occurs, ETH may test support zones at $3,352 and $3,190–$3,280, providing potential entry points for long positions.