Ethereum

Bitcoin

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/market-turbulence-as-bitcoin-and-ethereum-navigate-critical-levels" rel="noopener noreferrer nofollow">Market Turbulence as Bitcoin and Ethereum Navigate Critical Levels</a> 
The largest cryptocurrencies by market value, Bitcoin (BTC) and Ethereum (ETH), have experienced high volatility recently. BTC has reclaimed the $42,000 mark, while ETH’s risk at the $2,200 support level is easing.
Bitcoin dropped below $40,000 on January 22, a significant fall from its position near $49,000 just ten days prior. Influenced by GBTC sell-offs and MTGOX refund claims, traders saw a loss of nearly $11,000. Experts like Chris Burniske have suggested potential drops to $20,000 or lower after observing the recent decline.
JPMorgan analysts reported on January 25 that the majority of profit-taking in GBTC had already occurred, indicating reduced price pressure from this source.
Bulls managed to push the price to the 20-day exponential moving average ($41,904) on January 26. The BTC/<a href="https://en.bitcoinhaber.net/tether-takes-an-active-role-in-combating-criminal-activities" rel="noopener noreferrer nofollow">USDT</a> pair is expected to see a fierce battle between bulls and bears near the moving averages, but recent liquidity strengthening in the support zone suggests difficulties for the bears.
The key region to watch for BTC is $42,904, with potential movement up to $44,700 on a close above this level. Conversely, a drop below could lead to a decline to $34,800. The weekly close is critical to monitor. For ETH, the $2,168 support is strongly defended, and a positive trend is anticipated with upcoming ETF decisions and the halving period intersecting, with short-term targets at $2,400 and $2,100 remaining relevant.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/market-turbulence-as-bitcoin-and-ethereum-navigate-critical-levels" rel="noopener noreferrer nofollow">Market Turbulence as Bitcoin and Ethereum Navigate Critical Levels</a></h5>

Market Turbulence as Bitcoin and Ethereum Navigate Critical Levels

BH NEWS

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