Ethereum

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/whats-next-for-bitcoin-btc-and-ethereum-eth-prices/" rel="noopener noreferrer nofollow">What’s Next for Bitcoin (BTC) and Ethereum (ETH) Prices?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>According to the latest analysis by analyst Crypto World, Bitcoin is showing signs of resilience as it bounces off crucial support levels<a href="https://www.youtube.com/watch?v=HAHY-fO8zUg" rel="noopener noreferrer nofollow">.</a> While the price is nearing short-term resistance, Ethereum and several other altcoins are also gearing up for potential breakouts.</p>
<p>Bitcoin is still within a bullish trend, marked by higher lows and higher highs. However, a bearish divergence observed about a week and a half ago has led to a period of choppy sideways price action. Typically, such divergences result in either sideways movement or a slight pullback.</p>
<p>In the shorter term, Bitcoin highlights a bounce from a significant support line that previously served as resistance. Short-term resistance levels at $43.1k to $43.4k have been breached, turning into potential support. Further upward movement could face resistance around $44.5k to $44.7k, with a breakout above $44.7k signaling a new yearly high.</p>
<p>The Bitcoin liquidation heat map reveals recent hits on liquidity zones around $43.6k to $43.8k, confirming earlier predictions. At the time of writing, Bitcoin is trading at $43,991, up by more than two percent.</p>
<h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum Price Analysis</h2>
<p>Ethereum shows a bearish divergence, signaling a potential short-term pause in the bullish trend. Key support levels are identified around $2.1k to $2.15k. Despite the divergence, a falling wedge pattern suggests a bullish breakout could be on the horizon, with a price target near $2.4k.</p>
<p>On a shorter time frame,&nbsp; Ethereum is potentially forming a double bottom pattern, indicating a bullish reversal. A breakout above $2,250 would confirm the pattern, with a technical price target of $2,350 to $2,360.</p>
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What’s Next for Bitcoin (BTC) and Ethereum (ETH) Prices?

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