Bitcoin and Ethereum Prices Teeter on the Edge: Will They Break or Burst?

By Benito Cormi Jun 30, 202394Views

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Bitcoin:

– Bitcoin (BTC) is currently trading close to $31,000.
– BTC/USD reached an intraday high of $31,256.86 earlier today.
– Bitcoin is approaching a one-year high at $31,443.
– The recent surge led to a breakout of the key price ceiling at $30,800.
– The relative strength index (RSI) encountered resistance at the 70.00 mark.

Ethereum:

– Ethereum (ETH) briefly surpassed the $1,900 mark, but has since dropped.
– ETH/USD reached an intraday high of $1,906.37 on Friday.
– Ethereum is currently trading at $1,891.36.
– The resistance level at $1,910 could be a significant barrier.
– The RSI is approaching the 58.00 point of resistance.

Hot Take: Bitcoin and Ethereum both experienced highs and are now consolidating their gains. Resistance levels and the RSI play important roles in determining future price movements. Traders should keep a close eye on these factors to make informed decisions.

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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.

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