Bitcoin daily chart
The price movement of the asset has been consolidating within a Symmetrical Triangle for 11 days.
According to CoinGlass, over the past month, the most liquidity accumulated at $43,600, followed by $41,600.
Therefore, we first expect a false breakdown of the triangle with the growth of Bitcoin in the area of $ 43,600 — $ 44,000.
A price puncture to the exponential moving average EMA 100 D is possible — $40,800.
From this area, we expect a reversal of the price movement with an upward momentum to the resistance level of $45,500.
#ETH. On an upward momentum, the asset reached the $2,395 mark, where sales of the instrument increased.
In the short term, it is likely that Ethereum will descend to the area of $2,340 — $2,350.
The total market value decreased by 0.2% over the past day, the dominance of the main cryptocurrency decreased by 0.15%.
Ethereum paired with Bitcoin shows strength and is recovering faster than the main cryptocurrency.
