Where Is Bitcoin Price Headed Next? This Level Will Decide Everything
Bitcoin is back at a point where the next move may carry more importance than an ordinary resistance test. The latest rebound has pulled the price back into a zone that could be the line between a continued recovery and another leg lower, especially as it is still early to judge whether the bounce from the yearly low has real strength behind it. Now, all eyes are on one specific zone that could either launch Bitcoin to a new all-time high or send it to another yearly low. A Roadmap Playing Out In Real Time The setup comes from a technical outlook shared by analyst Crypto Patel, who noted....
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ETH/USD. Ethereum’s price is at the level of convergence for large trading volumes. The current price is the most profitable for the bulls. Usually it is in points like this one, where the market chooses the future trend. That happens, because the demand outweighs the supply: obviously, everyone wants to win. If Ethereum’s price holds at the level of $11.5 and forms a turn to decline, there will be a good probability of a downward trend. But if the bulls hold that level, the current upward trend will continue, until at least the end of the rebound at $12. The key level for the upward....