Cryptocurrencies continue to set new records, with Bitcoin and Ethereum attracting significant attention. Both assets exhibit sustained growth and interest from investors.
Bitcoin Sets New Record
Bitcoin reached a new all-time high of 124,474 USD. Currently, its price fluctuates around 121,800 USD. This surge occurred after breaking through a small flag pattern, continuing the positive momentum. Although trading volume did not see significant growth, the false breakout from the flag indicates that bullish momentum has not yet faded.
Ethereum's Momentum
Ethereum is also showing strong momentum, breaking out of a flag pattern with minimal pullback and continuing to rise. Currently, its price is at 4,788 USD, just under 100 points away from its all-time high of 4,868 USD. Investors are advised to consider buying at market price or waiting for a price pullback to establish long positions.
Cryptocurrency Market Outlook
Bitcoin and Ethereum are expected to continue their upward trend in the medium term. There are multiple levels to set profit targets and assess risk. Investors may monitor market movements to evaluate opportunities for entering new trades.
The cryptocurrency market demonstrates active growth, with both Bitcoin and Ethereum showing impressive results. Analyzing current trends may aid investors in making informed decisions.
