Denys Serhiichuk
Can traders expect an uptrend in Bitcoin (BTC) and Ethereum (ETH) soon?
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According to CoinStats, most coins rise on the last day of the week.
Top coins from CoinStats
BTC/USD
The price of Bitcoin (BTC) has increased by 1.72% since yesterday.
Image from TradingView
On the daily chart, BTC price has almost reached $49,048. However, you should pay attention to the candle closure. If the price breaks below yesterday's high, traders could see a correction to the next support zone at $46,000.
Bitcoin is trading at $48,122 at press time.
ETH/USD
Ethereum (ETH) gained less than BTC with an increase of 0.71%.
Image from TradingView
From a technical perspective, Ethereum (ETH) looks more bearish than BTC as the daily candle is about to close far from its peak. If nothing changes by the end of the day, a local decline to the $2,400-$2,450 zone can be expected soon.
At press time, Ethereum is trading at $2,508.
About the author
Denys Serhiichuk
With over five years of trading experience, Denys has extensive knowledge of both technical and fundamental market analysis. Mainly, he started his blog on TradingView where he publishes all relevant information and makes predictions about top coins.
His experience is backed by working in top blockchain-related companies such as W12, Platinum Listing, ATB Coin and others. They can be contacted at [email protected].
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
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