What number can we expect for Bitcoin and Ethereum?
Cryptocurrencies have been quite active and have been showing some positive signals. Here is Bitcoin and Ethereum's anaylsis.
Bitcoin shows activity at $ 27,940 in the morning. The $27,950 level is a critical level for Bitcoin, which is active in the lower band of the ascending channel. It will be important for Bitcoin, which is hanging below this level for now, to rise above the $ 27,950 level again and to provide permanence. If it fails to hold this level, a pullback to the critical $26,760 levels can be seen on the downside at $27,560.
Bitcoin and Ethereum have been showing upward movement
In case of holding the $27,950 level in a possible upward move, it will be important to break the $28,285 level and sustain above it. It could then support the rise to the mid-band of the channel at $29,000 and be met as a strong resistance.
Three days ago, Ethereum broke the channel upwards by showing a rapid rise and ending its sideways activity. However, it could not hold on to the $1,900 levels, and it shows activity at $ 1865 levels this morning. In the continuation of the downward movement, the upper band of the channel, $1,850, appears as a very important support level. It can be expected to hold to this level. If it fails to hold this level, a pullback to $1,826, which is the middle band of the channel, can be seen at $1,770. For a possible upside move, $1,885 could be met as the initial resistance level. If this level is broken, $1,918 can be tested, followed by the 7-month high of $1,942.
