RATE Group | Bitcoin (BTC) Ethereum (ETH) Price Analysis: Will the Troops Follow the General?
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Bitcoin (BTC) Ethereum (ETH) Price Analysis: Will the Troops Follow the General?

26 Jul Bitcoin (BTC) Ethereum (ETH) Price Analysis: Will the Troops Follow the General?

Posted at 04:53h in Ethereum News by

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Unless you’ve been living under a rock, you’re fully aware that momentum has apparently returned to the cryptocurrency complex over the last two weeks, led by its General – Bitcoin (BTC).

If one is to pick a fight with this rally in any way, it might simply be that the sense of excitement and enthusiasm has seemed to return so quickly that it casts a bit of a shadow over the idea that this market was truly washed out and pessimistic enough to form the fertile soil of a true-blue new bull.

However, you can’t argue with the action of late in the complex as a whole, particularly when looking at some of the larger market cap coins.

Today, we’re going to take a close look at Bitcoin (BTC) in Ethereum (ETH) from a strictly technical perspective.

Bitcoin (BTC)

Price Analysis:

  • High: $8482.84
  • Low: $8304.36
  • Major Resistance Level: $8633
  • Hourly MACD: Strong Upward Momentum
Chart courtesy of tradingview.com

Bitcoin (BTC) has been simply on fire over the…

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