Bitcoin and Ethereum Market Analysis Summary

Bitcoin’s block rewards are halved every four years, reducing to 3,125, which slows down the BTC supply. 93.7% of BTC supply has been released so far, and the remaining part will be put into circulation within the next 120 years. This situation supports the rising trend in Bitcoin prices. Bitcoin’s Future Expert Julio Moreno stated that the decrease in BTC prices from the $60,000 level should reduce selling pressure. According to CryptoQuant data, investors have accumulated a total of 27,000 BTC in the last 24 hours, showing that bears are active at market bottom levels. With the protection of the $60,775 support, BTC’s short-term future could reach a peak of $84,000. Ethereum’s Status Ethereum, on the other hand, shook by falling below $3,000 during the day but showed a faster recovery than Bitcoin. ETH’s short-term target is to close at 20-day EMA, which is $3,261, with successful return to $3,679. […]

Bitcoin and Ethereum Market Analysis Summary

Bitcoin’s block rewards are halved every four years, reducing to 3,125, which slows down the BTC supply. 93.7% of BTC supply has been released so far, and the remaining part will be put into circulation within the next 120 years. This situation supports the rising trend in Bitcoin prices.

Bitcoin’s Future

Expert Julio Moreno stated that the decrease in BTC prices from the $60,000 level should reduce selling pressure. According to CryptoQuant data, investors have accumulated a total of 27,000 BTC in the last 24 hours, showing that bears are active at market bottom levels. With the protection of the $60,775 support, BTC’s short-term future could reach a peak of $84,000.

Ethereum’s Status

Ethereum, on the other hand, shook by falling below $3,000 during the day but showed a faster recovery than Bitcoin. ETH’s short-term target is to close at 20-day EMA, which is $3,261, with successful return to $3,679.

Useful Information

The short-term price targets for BTC and ETH are determined as $84,000 and $3,679, respectively.
The decrease in Bitcoin’s block rewards supports price increase by leading to a long-term supply contraction.
The rapid recovery of Ethereum is an indicator of adaptation to rapid changes in market dynamics.

In conclusion, the current market conditions for Bitcoin and Ethereum both contain positive potential for an increase. However, it should be noted that market dynamics are constantly changing. It is recommended that investors carefully evaluate market analyses and consider risk management when making investment decisions.

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how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $69,557.00-1.65%
  • ethereumEthereum(ETH)
    $3,691.03-2.49%
  • tetherTether(USDT)
    $1.00-0.08%
  • binancecoinBNB(BNB)
    $615.56-0.02%
  • solanaSolana(SOL)
    $179.28-0.15%
  • staked-etherLido Staked Ether(STETH)
    $3,686.80-2.47%
  • usd-coinUSDC(USDC)
    $1.00-0.02%
  • rippleXRP(XRP)
    $0.53-2.73%
  • dogecoinDogecoin(DOGE)
    $0.164095-3.78%
  • the-open-networkToncoin(TON)
    $6.26-2.11%
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