Bull Market Already? Bitcoin Price $60K, Ethereum Price $3.8K

Bitcoin Bull Market
  • Bitcoin price recently hit $60,000.
  • Ethereum price is nearing $4,000 once again.

The crypto space is ecstatic, as the crypto prices of major assets are showing bullish performances. For a brief moment, Bitcoin price reached $60,000, a price that it has touched last May before going into a massive plummet. At the time of writing, BTC price is at $59,907.43, according to CoinGecko.

BTC/USDT 1-day chart (source: TradingView)

Currently, Bitcoin’s price action is well above the 50-day and 200-day Simple Moving Averages (SMA). This shows that the BTC price has performed satisfactorily in the last weeks. The asset may only be gaining enough support at the $60,000 level before aiming to achieve another all-time high (ATH) price in the near future.

Meanwhile, Ethereum price is also poised toward hitting the $4,000 resistance again. At the time of writing, ETH price is at $3,849.31, according to CoinGecko.

ETH/USDT 1-day chart (source: TradingView)

If Ethereum ends the day with a green candlestick, it would create another Three White Soldiers, which is another bullish sign. If it does, then Ethereum price may hit $4,000 in the next couple of days.

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