Bitcoin and Ethereum Price Analysis

By Benito Cormi Aug 22, 202393Views

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Bitcoin:
– Bitcoin dropped below $26,000, but has since rebounded to $26,088.64.
– The relative strength index (RSI) is at 20.90, indicating bearish sentiment.
– If bulls push the price towards the next visible ceiling at 29.00, Bitcoin could reach $28,000.

Ethereum:
– Ethereum consolidated near a support point, trading around $1,650.
– The RSI is at 24.82, approaching a point of resistance at 27.00.
– If this resistance is broken, there is a good chance Ethereum will reach the $1,700 zone.

Hot Take:
Bitcoin and Ethereum both experienced a drop followed by a slight recovery. The RSI for both cryptocurrencies indicates bearish sentiment, but there is potential for a bullish move if certain resistance points are broken. Keep an eye on Bitcoin’s $28,000 level and Ethereum’s $1,700 zone for potential price movements.

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Benito Cormi

Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.