Bitcoin and Ethereum Ready to Surge: Here’s What Traders Can Expect Next Week
• Bitcoin and Ethereum prices are expected to increase significantly in the coming week.
• Both cryptos have seen massive gains over the last few weeks, leading to high anticipation among traders.
• The current market sentiment is bearish, but investors are still betting on long-term gains as trading volume and buying pressure increases.
Bitcoin and Ethereum Prices Heading Up Next Week
The crypto market is abuzz with excitement as Bitcoin and Ethereum, two of the most popular cryptocurrencies, appear to be poised for significant price momentum in the upcoming week. Over the last few weeks, these two leading cryptos have seen some massive gains, and investors are now eagerly awaiting an extended bullish rally to maximize their gain.
Volatility Awaiting BTC and ETH Prices
Amid high banking crisis and crypto market’s regulatory concerns, Bitcoin and Ethereum prices continue to surge towards new highs. Despite overall bearish market sentiments, investors are still betting on long-term gains on BTC and ETH as there is an astronomical spike in trading volume and buying pressure that could lead to a new bull run next week.
BTC Price Analysis
Bitcoin recently reached a new nine-month high by surging past $29K, but this was short-lived as the asset experienced a sharp retracement not long after. Weekend trading remained relatively stable as traders awaited a break before the resumption of traditional finance markets which led to a lack of usual volatility. As of writing, BTC price trades at $27.5K with a decline of 2% in the last 24 hours. The weekly price chart indicates that Bitcoin will likely consolidate below $30K for the next few days before it eventually breaks out above this level next week and heads toward crucial resistances at $34K-$38K.
ETH Price Analysis
Ethereum’s price closely mirrors that of Bitcoin’s with multiple successful breaches of key resistance levels including $800 earlier this month that allowed buyers to push its value higher than ever before towards its all-time high at around $1,448 achieved back in 2018. However due to intense selling pressure near this mark ETH has seen some retracements back down towards its current value at around $1,200 although it remains supported above $1k for now .As per technical analysis , if ETH manages to break through resistance level of 1$400 it should reach up till 1$450 – 1$500 range easily in coming days .
Conclusion
It is clear from both Bitcoin’s and Ethereum’s performance over recent weeks that they remain attractive investment opportunities despite overall bearish sentiments across other financial markets globally due to their potential for significant returns even during periods when traditional markets experience consolidation or declines . It appears likely that these two coins could see another surge next week so traders should definitely keep an eye out for any opportunities arising from possible breakouts above key resistances levels like those indicated earlier .