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Bitcoin rises to critical

2020.06.24

The Bitcoin Trader “George” describes that he would not be surprised if Bitcoin and continue to rise, as both cryptocurrencies are drawing higher highs and higher lows. He sees the upcoming Bitcoin halving as a strong catalyst that can continue to positively influence Bitcoin’s price even after this event.

Looking pretty damn good. Wouldn’t be surprised if the lows are in and we see more upside soon on both eth and btc.

A similar view is shared by “Big Chonis Trading”, who also sees potential for a further rise in the price and that along the $8,700 mark there is a lot of liquidity and many buy orders are waiting, so that the Bitcoin price could rise further. Nevertheless, he warns against too much euphoria, as the price fluctuations of the last few days have been high.

The analyst “il Capo of Crypto”, on the other hand, states that Bitcoin has not managed to rise above the strong resistance along the $9,200 mark, so Bitcoin is still trapped in the price range between $8,400 and $9,500. Even though Bitcoin is showing bullish signs, the price must eventually manage to rise above $9,500 to start the next step towards $10,000.

But not only Bitcoin, but also Ethereum shows strong bullish signs. HornHairs describes that the bulls have also taken over control at Ethereum and ETH is showing strong fundamental data that indicate that the price will continue to rise.

Author : Collin Brown