crossorigin="anonymous"> Bitcoin, Ethereum Technical Analysis: BTC Extends Gains, ETH Consolidates Ahead of The Merge - MalayTV.net

Bitcoin, Ethereum Technical Analysis: BTC Extends Gains, ETH Consolidates Ahead of The Merge

Bitcoin, Ethereum Technical Analysis: BTC Extends Gains, ETH Consolidates Ahead of The Merge

Bitcoin surged higher on Tuesday, leading a broad market rally as prices extended gains above the $8,000 level. Ethereum followed suit, climbing back above $200, though gains were modest compared to those seen in BTC. The overall cryptocurrency market capitalization also rose, climbing back above $270 billion.

Bitcoin, Ethereum Technical Analysis: BTC Extends Gains, ETH Consolidates Ahead of The Merge

The bitcoin and Ethereum markets have seen some positive momentum over the past few days. BTC has surged to a new all-time high, while ETH has consolidated around the $1,700 level.

Looking at the technical indicators, BTC is looking bullish on both the short-term and long-term time frames. ETH is also looking bullish on the long-term time frame, but it needs to break out of the $1,800 resistance level before it can start a new uptrend.

The upcoming merge of the Ethereum and Bitcoin networks could provide a boost to ETH’s price action in the coming weeks.

Bitcoin Technical Analysis

BTC has seen a strong rally over the past few days as it breaks out of a descending triangle pattern. This breakout is significant as it opens up the possibility for BTC to retest the $10,000 level. ETH has been consolidating around the $200 level ahead of its upcoming merge with Ethereum Classic.

Ethereum Technical Analysis

The Ethereum blockchain is about to undergo a major upgrade, which has caused the price of ETH to consolidate in recent days. However, BTC has continued to extend its gains and is now trading at around $9,700. This is a key level to watch, as a breakout could signal further upside for BTC in the short-term. Meanwhile, ETH remains in a consolidating phase, but looks poised for a breakout higher in the coming days.

The Merge Ahead

Bitcoin and Ethereum are two of the most popular cryptocurrencies in the world. They are also two of the most technical. In this blog post, we will take a look at the technical analysis of both BTC and ETH.

BTC has been on a tear lately, extending its gains from last week. The move has been fueled by positive news and sentiment around Bitcoin. The upcoming merge between Bitcoin and Ethereum is another positive development that could help BTC continue its uptrend.

ETH, on the other hand, has been consolidating recently. The coin is still trading above its recent lows, but it has yet to make a decisive move higher. The upcoming merge between ETH and BTC could provide the boost that ETH needs to start moving higher again.

How to Trade Bitcoin and Ethereum

Bitcoin and Ethereum are two of the most popular cryptocurrencies today. Here’s a guide on how to trade them.

If you’re interested in trading Bitcoin or Ethereum, you’ll need to first set up a wallet to store your coins. You can do this by setting up an account on an exchange like Coinbase. Once you have a wallet, you can then purchase Bitcoin or Ethereum with real-world currency.

Once you have your coins, you can then trade them on an exchange like Binance. When trading, you’ll need to watch for market trends and make sure to buy low and sell high in order to turn a profit.

With cryptocurrency prices constantly fluctuating, there’s always opportunity for profit when trading Bitcoin or Ethereum. So get started today and see where the market takes you!

Conclusion

BTC and ETH are two of the most popular cryptocurrencies. BTC has been on a tear lately, extending its gains. ETH, on the other hand, has been consolidating ahead of the merge. Both BTC and ETH are worth watching in the coming days.

About admin