Ethereum

Bitcoin

<p>The post <a rel="nofollow" href="https://coinpedia.org/bitcoin/bitcoin-live-news-btc-price-will-surge-above-37k-by-july-end-if-this-happens/">Bitcoin Live News : BTC Price Will Surge Above $37K by July End If This Happens</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin is currently witnessing a decent rise, as the cryptocurrency attempted to maintain its gains from a recent rally. However, it requires additional catalysts to sustain its upward momentum. Last month, Bitcoin’s rally above the crucial $30,000 level was driven by the news of BlackRock and other companies applying for spot Bitcoin exchange-traded funds (ETFs).&nbsp;</p> 
<p>This development raised expectations of increased participation from retail and institutional investors in the cryptocurrency market. Bitcoin managed to surpass the $31,000 mark, reaching its highest level in 13 months. However, the cryptocurrency later hit a reversal. While Bitcoin is struggling with short-term resistance, Ethereum is experiencing a bearish divergence.</p> 
<p>According to a new video by Crypto World, Bitcoin, as of the time of writing, is still within a larger multi-month bullish trend. However, a confirmed breakout above a significant resistance level of around $31,000 is required to validate the bullish momentum. To confirm a breakout above $31,000, a weekly candle close above this level is needed. If this occurs, the next target based on Fibonacci extensions would be around $37,000.&nbsp;</p> 
<p>However, he said that BTC is currently facing rejection from a resistance level near $31,300. Multiple rejections in the past two weeks suggest that this level is significant. Additionally, an area between $30,800 and $31,000 may also act as short-term resistance based on previous highs. On the support side, the range between $29,900 and $30,100 is important, with $30,000 being a critical level.</p> 
<p>Talking about Ethereum, he said that it is still within a larger multi-month bullish trend. Higher lows and higher highs on the larger time frames indicate the ongoing bullish momentum. However, like Bitcoin, Ethereum is experiencing a bearish divergence in the shorter term, signaling reduced bullish momentum.</p> 
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Bitcoin Live News : BTC Price Will Surge Above $37K by July End If This Happens

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