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<ul class="news-points">
 <li><strong>Bitcoin could rally if it holds above $66,000, per Crypto Banter.</strong></li>
 <li><strong>Fibonacci analysis suggests potential Bitcoin targets of $84,000 or $100,000.</strong></li>
 <li><strong>Rising Ethereum dominance may trigger a broader altcoin surge.</strong></li>
</ul>
<p>Popular YouTube channel Crypto Banter outlined five reasons for continued optimism in the cryptocurrency market, despite recent volatility, citing technical indicators and market trends as key factors supporting a bullish outlook.</p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe title="5 REASONS WHY I’m Still Bullish On Crypto [You Should Be Too!]" width="640" height="360" src="https://www.youtube.com/embed/77qsWLG83NE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<p>The analyst highlighted the 50-day Moving Average (MA) as a key mid-term indicator. Bitcoin’s historical performance above this threshold has been positive, with a past surge from $42,000 to $73,000 after surpassing this average. Bitcoin is currently retesting this level, and a sustained move above could trigger a bullish trend.</p>
<p>Second, the daily Relative Strength Index (RSI) suggests potential for Bitcoin’s rise if it holds above $66,000 in the next 24 hours. This indicator has historically been effective in predicting price movements and market sentiment. Crypto Banter noted that while a lower high could indicate short-term bearish control, a higher RSI high is bullish.</p>
<p>Third, Fibonacci retracement analysis reinforc…</p>
<p>The post <a href="https://coinedition.com/why-this-crypto-analyst-is-betting-big-on-bitcoin-and-ethereum/" rel="noopener noreferrer nofollow">Why This Crypto Analyst Is Betting Big on Bitcoin and Ethereum</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Why This Crypto Analyst Is Betting Big on Bitcoin and Ethereum

Coin Edition

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