RATE Group | Bitcoin (BTC) Ethereum (ETH) Price Analysis – Is This Do-or-Die Time?
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Bitcoin (BTC) Ethereum (ETH) Price Analysis – Is This Do-or-Die Time?

23 Jul Bitcoin (BTC) Ethereum (ETH) Price Analysis – Is This Do-or-Die Time?

Posted at 08:46h in Ethereum News by

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From a technical perspective, several of the most highly liquid and highly traded cryptocurrencies have begun to hint at some interesting new potential on their charts over recent days.

This type of action is not definitive at this stage – there’s very little confirmation. However, the game here is a probabilistic one that involves close scrutiny of past and present chart patterns mixed with the identification of an advantageous risk:reward statistical edge.

From that standpoint, both Bitcoin (BTC) and Ethereum (ETH) are clearly worth a closer look at the present as both coins are starting to show off some very interesting bullish potential provided key levels continue to hold firm.

Bitcoin (BTC)

Price Analysis:

  • High: $7700
  • Low: $7378.26
  • Major Resistance Level: $7750
  • Hourly MACD: Strong Upward Momentum

Naturally, everyone knows Bitcoin (BTC) has been in a serious bear market trend over the past seven months. However, recent action suggests that the…

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