Summary of Bitcoin and Ethereum Market Analysis

Bitcoin’s block rewards are cut in half every four years, which reduces BTC supply slowdown. So far, 93.7% of BTC supply has been released to the market and the remaining portion will enter circulation over the next 120 years. This supports the upward trend in Bitcoin prices. The Future of Bitcoin Expert Julio Moreno noted that the selling pressure should decrease after BTC prices dropped from $60,000. According to CryptoQuant data, investors have accumulated a total of 27,000 BTC in the last 24 hours, indicating that bears are active at market dip levels. Bitcoin’s short-term future may reach the $84,000 peak depending on protecting the $60,775 support. Status of Ethereum Ethereum has shaken by falling below $3,000 during the day, but it has shown a faster recovery than Bitcoin. The short-term target for ETH is to close at $3,261, which is the 20-day EMA, and if successful, it can return […]

Summary of Bitcoin and Ethereum Market Analysis

Bitcoin’s block rewards are cut in half every four years, which reduces BTC supply slowdown. So far, 93.7% of BTC supply has been released to the market and the remaining portion will enter circulation over the next 120 years. This supports the upward trend in Bitcoin prices.

The Future of Bitcoin

Expert Julio Moreno noted that the selling pressure should decrease after BTC prices dropped from $60,000. According to CryptoQuant data, investors have accumulated a total of 27,000 BTC in the last 24 hours, indicating that bears are active at market dip levels. Bitcoin’s short-term future may reach the $84,000 peak depending on protecting the $60,775 support.

Status of Ethereum

Ethereum has shaken by falling below $3,000 during the day, but it has shown a faster recovery than Bitcoin. The short-term target for ETH is to close at $3,261, which is the 20-day EMA, and if successful, it can return to $3,679.

Beneficial Information

The short-term price targets for BTC and ETH are set at $84,000 and $3,679, respectively.
The reduction in Bitcoin’s block reward supports price increases by leading to long-term supply contraction.
The fast recovery of Ethereum is a sign of adaptation to rapid changes in market dynamics.

In conclusion, current market conditions for Bitcoin and Ethereum both harbor potential for positive growth. However, it is important to remember that market dynamics are constantly changing. Investors are advised to carefully evaluate market analysis and consider risk management when making investment decisions.

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how to buy crypto?
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  • bitcoinBitcoin(BTC)
    $66,896.001.95%
  • ethereumEthereum(ETH)
    $3,098.395.26%
  • tetherTether(USDT)
    $1.000.04%
  • binancecoinBNB(BNB)
    $580.431.71%
  • solanaSolana(SOL)
    $172.706.00%
  • usd-coinUSDC(USDC)
    $1.000.04%
  • staked-etherLido Staked Ether(STETH)
    $3,094.255.17%
  • rippleXRP(XRP)
    $0.521.38%
  • the-open-networkToncoin(TON)
    $6.44-3.62%
  • dogecoinDogecoin(DOGE)
    $0.1546023.00%
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