Ethereum

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The post <a href="https://coinpedia.org/price-analysis/bitcoin-and-ethereum-price-prediction-for-coming-weeks-heres-what-to-expect/" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Price Prediction For Coming Weeks: Here’s What To Expect</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The latest analysis from cryptocurrency experts suggests that Bitcoin mirrors historical patterns, showing a major bullish breakout. According to analyst Crypto World, this breakout coincides with the price surpassing a crucial resistance level, indicating a potential upward trajectory.
However, amidst this new wave of optimism, a new short-term signal has been identified, warranting close attention. While short-term corrections are always possible, the prevailing sentiment among investors is overwhelmingly bullish, said the analyst.
Technically, Bitcoin is on the verge of a significant breakout, with the weekly time frame indicating a potential move to all-time highs near $70,000 following a breakout above $50,000. Zooming out, a massive bullish cup and handle pattern suggests a target of around $60,000.
<h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum Price Analysis</h2>
Furthermore, Ethereum is also showing a breakout above key resistance levels, signaling a bullish trend. The second largest cryptocurrency is poised for a breakout above $2,700, pushing it towards $3,400-$3,500 in the coming weeks. Ethereum showed strong bullish momentum on the daily timeframe, further supporting the bullish outlook.
<a href="https://www.youtube.com/watch?v=8J-oPSJSlvc" rel="noopener noreferrer nofollow">According to the analyst,</a> the influx of institutional investment and substantial inflows into Bitcoin indicates a bullish sentiment prevailing in the market. Despite occasional short-term bearish movements, the overall trend remains upward, fueled by continuous capital inflows. Analysts speculate that the market is poised for a bull run, with Bitcoin potentially reaching new all-time highs in the coming weeks or months.
He said some observers have a prevailing sentiment that Bitcoin will top out around $50-52k and experience a sharp decline. However, such views may indicate a broader sentiment of market skepticism, which historically aligns with further market gains.

Bitcoin and Ethereum Price Prediction For Coming Weeks: Here’s What To Expect

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