After many hours and an astonishing calm, Bitcoin and the rest of the market started a bearish movement That has brought him close to losing $ 37,000.
With this, the rest of the altcoins are following this movement. However, it cannot be said that it is a dip, because in the descent there was a rapid recovery to 37,700.
Are the bears preparing a new onslaught? Let's find out in my new review for Cryptocurrency.
Bitcoin
Bitcoin, on the 4H chart, it was all Thursday between $ 37,500 and $ 38,150.
At the time of writing, there was a move to $ 37,100 that made a quick recovery.
The bears try to take control of the movement and the primary objective is break the $ 37,000 strong to go for the $ 35,000.
If the bulls are able to reverse this, a strong rally to $ 40,000 is possible.
Ethereum
Ethereum, on the 4H chart, and like almost all altcoins, is still in a bearish lateral movement.
This Friday morning it has briefly dropped below $ 2,300.
If there is a strong movement of the BTC to the downside, we could see ETH go as high as $ 2,100.
If the coin is able to withstand this, it could again target $ 2,500.
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of Cryptocurrency, and should not be attributed to Cryptocurrency.
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