Analysis

Bitcoin’s price has seen a significant surge recently, breaking through key resistance levels and surpassing the $60,000 mark. This uptrend has sparked optimism among investors and traders, signaling potential further upside in the near future. One of the noteworthy developments is the formation of a connecting bullish trend line with support at $60,000 on the
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Ethereum has shown signs of strength as it consolidates near $2,680 after gaining pace above the $2,550 resistance zone. The cryptocurrency is now eyeing more upsides above $2,750, indicating a potential bullish trend in the near term. Technical Analysis The hourly chart of ETH/USD shows a key bullish trend line forming with support at $2,550.
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Despite attempting to break above the $2,550 resistance zone, Ethereum price has failed to continue its upward momentum. Currently, ETH is consolidating near the $2,450 level, exhibiting certain bearish signs that need to be closely monitored. Ethereum initiated a recovery wave that pushed it above the $2,400 and $2,420 levels. However, the digital currency is
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As Bitcoin continues to consolidate near the $57,500 zone, traders and investors are closely monitoring the next potential direction for the leading cryptocurrency. The price action indicates that BTC could gain bullish momentum if it manages to clear the $58,000 resistance zone in the near term. Recovery Wave Bitcoin recently started a recovery wave above
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