Bitcoin (BTC) remains steady, showing resilience as long as it maintains its position above the 69k mark. Ethereum (ETH) sets its sights higher, with aspirations to reach the $4k milestone, reflecting its upward momentum. Amidst these notable movements, Furrever Token (FURR) emerges as an intriguing option for investors, inviting them to explore the world of crypto with a blend of charm and potential returns
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Bitcoin (BTC) No Issues as Long as Above 69k
The leading cryptocurrency Bitcoin (BTC), which started the new week with strong buying momentum, surged to above 69k and reached as high as $72,797 yesterday. Retreating from this level, Bitcoin (BTC) closed the day at $71,620, marking a 3.26% increase. Starting today with selling pressure, Bitcoin (BTC) is currently trading at $70,674, down by 1.32%.
Bitcoin (BTC) Chart Analysis
Starting the new week with significant buying pressure, Bitcoin (BTC) rose to $72,797 on the first day of the week, before slightly pulling back to close the day at $71,620, up by 3.26%. In yesterday’s analysis, we mentioned resistance levels at $71k-73k-75k as long as it stays above $69k. With Bitcoin (BTC) rising to the $73k range for now, things are looking good. However, currently experiencing a pullback, Bitcoin (BTC) continues to trade at $70,674. Looking at the chart, as Bitcoin (BTC) maintains above $69k, the resistance levels remain at $71k-73k-75k, with potential support levels on pullbacks being the EMA5 at $69,962 and the horizontal support zone at $69k.
Ethereum (ETH) Aims for $4k
With a market capitalization of $435 billion, Ethereum (ETH) also started the new week with strong buying alongside Bitcoin (BTC). Closing yesterday with a 6.94% increase at $3,693.8, Ethereum (ETH) is currently experiencing a slight decline, trading at $3,641, down by 1.43%.
Ethereum (ETH) Chart Analysis
Starting the first day of the week with a significant surge, Ethereum (ETH) closed the day with a 6.94% increase at $3,693.8. However, experiencing a slight pullback today, Ethereum (ETH) is currently trading at $3,641. Analyzing the Ethereum (ETH) chart, we can say that as long as it remains above EMA5, its target is $4k. In case of pullbacks, the support levels investors should watch are EMA5 at $3,541.1 and EMA21 at $3,488.9.
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