CandleFocus Top Analyst Unveils Level Where Bitcoin Finally Escapes ‘Endless Chop’ – Here’s His Forecast
2024-10-14
Author: Content Editor
The article discusses the insights of cryptocurrency analyst DonAlt on the potential price movements of Bitcoin (BTC) and Ethereum (ETH). DonAlt believes that if Bitcoin clears a crucial resistance level above $65,000, it could gather bullish momentum and escape its eight-month consolidation phase. He also suggests that a retest of immediate support would be healthy for BTC before moving higher. In regards to Ethereum, DonAlt observes an ascending triangle pattern, which is a bullish reversal structure if the asset breaks its horizontal resistance. He states that ETH will appear bullish if it surpasses $2,700 or even $2,500 for aggressive traders. At the time of writing, Bitcoin is trading at $62,663 and Ethereum is valued at $2,458.
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