Ethereum

Bitcoin

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-navigate-market-volatility-as-investors-look-for-opportunities">Bitcoin and Ethereum Navigate Market Volatility as Investors Look for Opportunities</a><br></p>
<p style="text-align: justify"> <a href="https://en.bitcoinhaber.net/bitcoins-resilience-beyond-the-bubble-speculation">Bitcoin</a> recently experienced a dramatic surge, breaching the $69,200 threshold to set a new record high. However, this triumph was short-lived as a strong selling wave brought its value below the $60,000 mark. This downturn resulted in substantial losses, with Coinglass reporting over $1.17 billion in liquidations within the futures market. With the crypto market’s dynamic nature, the question arises about the potential trajectories for both Bitcoin and <a href="https://en.bitcoinhaber.net/ethereums-price-soars-rewarding-investors-with-notable-gains">Ethereum</a>. </p> 
<h2 id="bitcoin-s-market-resilience-and-bullish-tendencies">Bitcoin’s Market Resilience and Bullish Tendencies</h2> 
<p style="text-align: justify"> In recent days, Bitcoin has shown a robust uptrend, with investors capitalizing on any pullback as a chance to buy. The cryptocurrency’s resilience was on display on March 5th when buyers aggressively snapped up Bitcoin as it dipped to the 20-day exponential moving average of $58,131, signaling strong demand. If buyers can sustain this momentum and push beyond $69,000, the BTC/<a href="https://en.bitcoinhaber.net/the-tides-of-crypto-are-traditional-banks-set-to-dominate-the-stablecoin-market">USDT</a> pair might embark on a climb, potentially hitting the $76,000 milestone and eyeing the $80,000 range next. </p> 
<p style="text-align: justify"> The pressure is on for the bears who aim to provoke a correction soon. To achieve this, they would need to maintain resistance at the $69,000 level and drive Bitcoin’s price down past the 20-day EMA, which could trigger a further slide toward the 50-day simple moving average at $49,107. </p> 
<h2 id="ethereum-s-attempts-to-hold-gains-against-bearish-pressure">Ethereum’s Attempts to Hold Gains Against Bearish Pressure</h2> 
<p style="text-align: justify"> Ethereum showed promise on March 4th by breaching the $3,600 resistance. Yet, the following day, selling pressure forced the price back to the 20-day EMA average of $3,233 before buyers intervened. This scenario suggests that bulls are keen on defending the 20-day EMA threshold. Continuing their purchases, bull investors are striving to keep Ethereum’s price afloat above $3,822. Conquering this level could see the ETH/USDT pair advance toward $4,000 and then perhaps $4,150. </p> 
<p style="text-align: justify"> To reverse Ethereum’s uptrend, bears would need to drive the price beneath the $3,600 breakout level, potentially intensifying a pullback to the 20-day EMA and risking a loss of bullish momentum. Moreover, anticipation is building over spot Ethereum ETF applications, with heavyweight firms like BlackRock closely monitoring the SEC’s decisions. Approval of these ETFs may catalyze a significant bullish wave for Ethereum’s market value.</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-and-ethereum-navigate-market-volatility-as-investors-look-for-opportunities">Bitcoin and Ethereum Navigate Market Volatility as Investors Look for Opportunities</a></h5>

Bitcoin and Ethereum Navigate Market Volatility as Investors Look for Opportunities

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