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Bitcoin and Ethereum : Important Update

2 15 exc
Avatar for Bitman007
Written by   4
2 years ago

Bitcoin Analysis

As per technical analysis $BTC High time frames on Bitcoin looks good . The weekly candle shows that buyers were interested in sub $11,550 And there isn't much holding Bitcoin between the current price and $13ks on high time frames I personally think it's time BTC makes way for $12k plus again .

Monthly candle closes today, if it holds today or higher, then Sept good chance for 13-14k+ imo.

Ethereum Analysis

ETH gas fees are near all time highs and Uniswap is STILL doing more volume than all of Coinbase combined. It doesn't get any more obvious than this. ETH is King & DEX's are the future. Once ETH 2.0 rolls out, it's game over.

The daily chart implies that the price may retreat towards the lower boundary of the current range at $370.00 before the upside is resumed. The RSI has reversed to the downside, while the price failed to retest the recent high, which means the upside momentum may be losing traction for now. The first support is created by $400.00 and the above mentioned $370.00 ( the lower line of the daily Bollinger Band), but the overall trend remains bullish as long as the price stays above daily SMA50 at $350.00.

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Avatar for Bitman007
Written by   4
2 years ago
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Comments

thank you for your article. It is such another learning gained,,,,

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2 years ago

Thank you for sharing your article

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2 years ago