Bitcoin and Ethereum analysis
Cryptocurrencies have been going through some hard time, and here is the new analysis on them.
The rapid rise in Bitcoin, which started as of yesterday, continued until the $ 24900 level. With minor pullbacks, Bitcoin is priced at $24600 this morning. For Bitcoin, which broke 3 important resistances with this rapid rise, the first support level is $24150 in any retracement, and if this level is broken, $23160 levels can be met as the second support level. If an upward movement continues, $24900, which was rejected, can be retested. Daily closes above this level can support a rise to the critical $25220 levels.
Bitcoin and Ethereum analysis
Ethereum broke the downward major trend yesterday, which it had tested many times in the past weeks, and surged as high as $1712. Ethereum, which was priced at $ 1680 in the morning hours, still has not sustained above the $ 1700 level. Continuing the upward movement, the first resistance level of $1700. If it persists above this level, it may support a rise to $1791 and then to $2039. On a downside move, the major downtrend ($1620) can be tested. If it fails to hold the $1620 level, $1597 and then $1560, the 50-day moving average level, can be expected to act as support.
