Bitcoin Recovering Hard: Here Are the Factors That May Have a Huge Impact on the BTC Price Rally This Week!
Bitcoin (BTC) Price Analysis The price of Bitcoin (BTC) has surged by over 5% in the last 24 hours, breaking through the $57,000 resistance level. This comes after the leading cryptocurrency experienced a sharp dip yesterday, hitting a low of $54,200. The rebound has been welcomed by traders and investors alike, with many expecting BTC to continue its upward momentum. The next major resistance level to watch out for is at $60,000, which has been a key psychological level for BTC in the past. Ethereum (ETH) Price Analysis While Bitcoin has been making headlines with its recent price movements, Ethereum (ETH) has also been showing strong performance. The second-largest cryptocurrency by market capitalization has seen a 6% increase in its price, breaking through the $2,000 resistance level. With the upcoming ETH 2.0 upgrade and the growing popularity of decentralized finance (DeFi) projects, many analysts believe that ETH has the potential to outperform BTC in the long run. Alt...