While the impact of the crypto bear market continues, Bitcoin ( BTC) and Ethereum ( ETH) parties continue to accumulate.
For over a year now, the crypto bear market has been making its presence felt. Especially recently, the collapse of the cryptocurrency exchange and a major coin has had an earthquake effect. Companies that went bankrupt and lost their assets also put the industry and investors in a difficult position. In this busy period, the recovery and development of cryptocurrencies also came to the fore. In the middle of all these processes, bitcoinand Ethereumprices accumulatecontinues its activity.
Bitcoin (BTC) Price Analysis, How Is BTC Situation?
Cryptocurrency market leader bitcoin is looking for ways to get out of the bear market. The decrease in liquidity and the withdrawal of buyers from the market make the selling pressure feel stronger. BTC price is in a position to be affected by volatility with a possible news. This effect can provide sharp upward or downward movement. However, the cumulative progress of the market and the painful processes draw attention.
Bitcoin ( BTC) price mobility, 16,300with dollars 16,600 between dollar levels. In the chart, which progresses according to the news flow and the effects of the global economy, a volatile activity is expected with a possible factor. US inflation rates, Fed minutes or the volatility of the US stock market stand out as important factors.
In light of these factors, BTCfor 15,500 The dollar level will be the most important support point. The selling pressure should be maintained by the bulls at these levels. On the other hand, looking at 17,600 The break of the dollar level can start an important bull run. Next month, the last rate decision of the year will be made by the Fed. BTCprice may enter the recovery process in light of this activity.
Ethereum (ETH) Price Analysis, What About ETH?
The second largest project in the crypto industry Ethereum has spent this year with important developments. The harsh processes of the crypto bear market and the bankruptcy of powerful projects one after another, Ethereum It also reduced the effect of improvements on the side. The second largest project in the market, especially PoS notable for its transition. The founder of Ethereum Vitalic Buterine shared an important roadmap. All these processes ETH price was not enough to start a bull run. The course of the market and the global economy, ETHIt was also a hindering factor.
The second largest coin in the crypto industry Ethereum, just like bitcoincontinues the accumulation process. FTXIt was noteworthy that the markets went through a calming process after the collapses and the accompanying collapses. ETHprice volatility, 1,205with dollar levels 1,175between dollar levels.
Improvements and progress on the project side are not at a level that can affect instant price movements. The long-term roadmap and planning also suggest that the crypto bull market may be approaching. deflationarythose who want to move to a structure and voluntarily protect this structure ETHLooking ahead, it looks promising.
ETHon the side, 1,100 The dollar level stands out as an important support point. In case of a possible selling pressure or news effect, the bulls will need to maintain this support level. Otherwise, ETHThe drop may show depth.
On the other hand, ETHof the price 1,330 approaching the dollar level may give positive signals. This price level, which appears to be a strong resistance point, can be broken by market conditions and buying pressure. In this case ETH, 1,500will want to move to their level.
