More institutional investors and more retail money are coming into the BTC world due to people's pressure to sell. In today's market, BTC currently trades at $19,489, which means a 2.4% gain/ increase in its price.
Major Signals
- Bitcoin pushing towards critical resistance
- ETH price approaches key breakout
- ETH finds support above 580 USD and corrected to trade near $600
It looks more like BTC is on the standoff, and the two things likely to happen are either BTC falling to $18K or rising above $19.5k.
After the bull ensured the $18 region was maintained, that showed strength and created a mirage of BTC upside soon.
As of the time of writing, BTC looks favorable, and the -$18k zone looks more like a promising zone for the leading cryptocurrency. Every investor should stay updated on what happens to BTC in the coming days. This is because higher-lows must be set to see BTC go upward again.
ETH's price is also facing its downside and is sitting near the $600 support level above the $580 support.
