Every time I've read or seen someone with a sign on Facebook that says something similar, I feel like they want to sell me something. Come on, it's not that it's not relevant, why is it … But what use is a BTC worth more than a kilo of gold to me?
Please do not be offended kind readers, but it is very likely that the first thing you will think when you read the question is “The dollar will go bankrupt and the BTC will rise higher. The monetary system must fall ”, or something like that.
Well, yes, you don't have to be a Facebook guru or economics nobel to sense the demise of the dollar's hegemony, I think by now we know that everything is a cycle and the market is a reflection of it.
What will be next? Well there are many options … some more likely than others, what is a fact is that Bitcoin paints most of those options and this is what really interests us.
As we are also interested in knowing the interest levels of BTC and ETH.
Let's review together what to expect on this day in the markets, in my new analysis for Cryptocurrency.
The $ 54,000 is the price that the bulls must sustain if you want to look for $ 61,000–64,000.
This level is key, the fight for the field is important and the bulls know that they must not lose this battle, if they want to return to highs in the short term.
If the price is able to sustain the $ 56,000 we must prepare for the $ 57,400 test and from here to explore the $ 58,500–60,200.
Bears below $ 53,500 will continue to push lower looking to hit $ 52,000–50,000.
$ 55,000 could be a respite for Bitcoin and head towards $ 56,500. But you will need to be careful to stay above $ 55,800 if you want to fight $ 57,400.
The bears should be careful at $ 52,500–52,000, but as long as BTC is unable to sustain above $ 55,000, from a bounce off the $ 52,500–52,000 block, BTC will seek new lows.
$ 1,950–1850 is a key building block for Ethereum. This resistance must be destroyed, if the price wants to stay higher.
This resistance appears to contain the positions of the most cautious speculators and the path to it is a minefield. We must be cared for.
In the short term, just $ 1,800 could give ETH a breather and help him get back on it at $ 1,860–1,900, but we must be careful we are still in the bullfighting zone, but they already look tired, we must not abuse.
The bears have it very clear, they want Ethereum at $ 1,690-1,600. However, bears are also careful, they are playing against the trend and they know that at any moment the market can turn them around.
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Analysis by Saul Cano of Trade and Hold for CCN