Here’s What Needs To Happen for Bitcoin and Ethereum To Continue Upward Momentum, According to Top Analyst
A widely followed crypto trader is outlining how the top two leading digital assets can continue their upward movement.
If it does, the crypto analyst says that the top crypto asset by market cap should see a surge to the upside.
“BTC hasn’t been moving drastically towards the upside.
That being said, it has been in a technical uptrend for the past five days or so.
As long as the technical uptrend continues to hold like this, BTC should be able to enjoy some acceleration to the upside.”
Rekt Capital says that BTC has recently reached its uptrend line and is currently testing it to see if it can hold support.
“ETH is now potentially relief rallying into the orange area to turn it into a new resistance.
ETH would need to reclaim the bottom of this orange area as support in order to avoid this potential lower high trendline resistance from developing.”
Bitcoin is trading for $20,742 at time of writing, a 3.7% dip on the day while Ethereum is changing hands for $1,583, a 7.5% drop in the last 24 hours.
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