Despite the typical drop in trading activity over the weekend, Bitcoin maintains significant price levels. Experts provide insights on anticipated changes for ARB, BTC, and ETH.
Forecasts for Arbitrum (ARB)
Crypto analyst Crypto Tony emphasized that for ARB Coin, bulls must reclaim the $0.65 threshold. This could trigger a breakout above critical resistance, pushing prices beyond $1. If Bitcoin closes above $70,000, it is an ideal moment for traders.
Current State of Bitcoin and Ethereum
BTC is trading above $68,000, having failed to surpass $68,772. Analyst Jibon projects BTC might reach $70,049 next week. Ethereum shows bullish trends as well, maintaining support above $2,624.
The Importance of Market Research for Traders
Given the volatility of the cryptocurrency market, traders are advised to perform diligent market research and be aware of the risks in their strategies. The potential for significant price movements remains.
The cryptocurrency market demonstrates strong bullish trends. ARB, BTC, and ETH have the potential for significant growth if the current momentum continues.