The market value of Bitcoin (BTC) rose above 63k dollars after a three-day increase, starting at 62,882 dollars and closing at 63,892 dollars with a 1.61% increase. Bitcoin (BTC) broke above a descending trend and is currently aiming to maintain this position, suggesting a potential uptrend. If the trend continues, resistance levels for Bitcoin (BTC) will be at 67,250, 69k, and 73k dollars. Support levels to watch for are the EMA5 at 62,681 dollars and the 60k dollar regions in case of a reversal.
Ethereum (ETH) Completes Double Bottom Pattern
Ethereum (ETH) upward trend has reached above 3k dollars, showing a 0.63% increase from the day's start at 3,117.5 dollars to the current rate of 3,137.1 dollars. After testing the 2,858 dollar support, Ethereum (ETH) has completed a 'double bottom' pattern, signaling a possible upward movement. Short-term resistance levels include EMA21 at 3,154.0 dollars, horizontal resistance at 3,205.9 dollars, and EMA55 at 3,214.1 dollars. Support levels to watch for are EMA5 at 3,103.0 dollars, EMA100 at 3,096.5 dollars, and the horizontal support level at 2,858 dollars.
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