The battle between bears and bulls is ongoing as Bitcoin looks for direction. Glassnode's Jan Happel and Yana Allemann predict a price increase and expect a significant rise in Bitcoin. Despite uncertainty, whale wallets holding 1,000 to 10,000 Bitcoins bought around $941 million in Bitcoin within a day.

Bitcoin's long-term investors, like Twitter co-founder Jack Dorsey, remain optimistic, believing that Bitcoin could reach $1 million by 2030. The current price struggles to stay above $60,000, encountering resistance at the 20-day exponential moving average of $62,959. Bearish trends are evident with downward moving averages and a negative RSI. A break of the $59,650 support level could lead to a drop to $54,298.

On the other hand, a rise above the 50-day simple moving average of $65,620 could invalidate the negative view, potentially pushing the price towards the resistance at $73,777. Ethereum has been trading within a range of $3,087 and $2,850, facing resistance from falling moving averages and a negative RSI. A break below $2,850 could signal a downtrend towards the support line.

The critical resistance lies between the 20-day EMA and the resistance line, and buyers need to push the price above this range for a possible trend change, opening the path towards $3,350.