Bitcoin and Ethereum weekly analysis: How did they start he new week?
Bitcoin and Ethereum have been going up ever since the new year has come and we have now a weekly analysis.
Bitcoin, which had a horizontal pricing at the weekend, but could not hold above the $ 29,000 level yesterday, recorded a 4% pullback and fell to $ 27,750. It started the day with a price above $28,000 in the morning and is currently finding buyers at $28,045.
Bitcoin and Ethereum have been going up and down
As we enter a week with a very busy agenda, fluctuations can be seen in the crypto money market. In addition to the FED on Wednesday, the European Central Bank on Thursday, and the data on non-farm employment and unemployment on Friday, the news from the banking crises in the USA may also have a positive and negative effect on the course of Bitcoin. After the FED meeting, we advise you to be careful as Powell is likely to make a hawkish speech against the optimistic pricing in the markets and the expectation of interest rate cuts.
In this sense, the key resistance zones for Bitcoin are $28,300 and $29,350, respectively, while the $27,300 and $26,750 levels are in the support zone.
After the Shapella (Shangay) update, Ethereum, which rose to the level of $ 2100, later recorded a retreat to the $ 1800 region due to both the selling pressure caused by the opening of the locks and the profit realizations in Bitcoin. Displaying a sideways - negative outlook over the weekend, Ethereum lost more than 2% yesterday.
