Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-breaks-70000-barrier-as-crypto-market-sees-upward-trend" rel="noopener noreferrer nofollow">Bitcoin Breaks $70,000 Barrier as Crypto Market Sees Upward Trend</a><br></p>
<p style="text-align: justify">In the lead-up to the Easter holiday, <a href="https://en.bitcoinhaber.net/el-salvador-to-launch-volcano-bonds-in-early-2024" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price has shown considerable strength, surpassing the $70,000 mark while similar upward movements are seen among other altcoins such as <a href="https://en.bitcoinhaber.net/high-net-worth-investors-accumulate-ethereum-and-ripple-withdraw-bitcoin-from-exchanges" rel="noopener noreferrer nofollow">Ethereum</a> and <a href="https://en.bitcoinhaber.net/xrp-coin-a-glimpse-into-the-future-of-exchange-traded-funds" rel="noopener noreferrer nofollow">Ripple</a>. Market liquidity remains available at various price points due to CME Gaps, and analysts suggest a stagnant market with Bitcoin’s price trapped in a range. Investors are advised to have short-term expectations in light of the market’s current directionless state.</p>
<h2 id="bitcoin-investors-favor-short-term-strategies">Bitcoin Investors Favor Short-Term Strategies</h2>
<p style="text-align: justify">Despite a spirited return from Bitcoin bulls, the absence of a distinct market driver has prompted investors to favor short-term positions, bracing for a potential correction. However, technical indicators like the RSI, MACD, and Awesome Oscillator hint at an uptrend, revealing increased market momentum.</p>
<h2 id="market-technicals-indicate-potential-for-growth">Market Technicals Indicate Potential for Growth</h2>
<p style="text-align: justify">The Bitcoin market may take two paths: if buying pressure persists, the price could shatter the $73,777 peak and climb higher, but profit-taking by traders may lead to a pullback. A dip below the demand zone of $61,509 would signal the start of a possible downtrend.</p>
<h2 id="10-price-correction-on-horizon-for-ethereum">10% Price Correction on Horizon for Ethereum</h2>
<p style="text-align: justify">Contrasting with Bitcoin’s steady performance, Ethereum may face a 10% correction to $3,160 before rebounding. As the MACD looks to cross below its signal line and AO histograms go red, the uptrend could weaken, although a resilient RSI indicates that an upward push is still within reach.</p>
<h2 id="ripple-s-fate-tied-to-bitcoin-s-performance">Ripple’s Fate Tied to Bitcoin’s Performance</h2>
<p style="text-align: justify">Ripple’s valuation may drop below $0.60 if Bitcoin’s price falters, potentially leading to a decline within the current rising channel. Nonetheless, increased buying pressure could elevate Ripple above $0.70 and support at $0.8442 would signify a robust market reversal.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-breaks-70000-barrier-as-crypto-market-sees-upward-trend" rel="noopener noreferrer nofollow">Bitcoin Breaks $70,000 Barrier as Crypto Market Sees Upward Trend</a></h5>

Bitcoin Breaks $70,000 Barrier as Crypto Market Sees Upward Trend

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