Bitcoin and Ethereum Analysis 06/29/2021: Explosion Anytime?


The Bitcoin presented a rather optimistic behavior and at this moment he is struggling with resistance at $ 35,500 and then trying to make a major move.

After confirming a good rise on Monday, and consolidating $ 34,500, the next move could lead to close to $ 40,000, while Ethereum continues on its bullish path.

Let's see what will happen now in my new analysis for Cryptocurrency.


BITCOIN ANALYSIS 29 06 2021 "width =" 1280 "height =" 612 "srcset =" -2021.jpg 1280w, 300w, https: // criptomonedaseico .com / wp-content / uploads / 2021/06 / 1024w, 06 / 768w "sizes =" (max-width: 1280px) 100vw, 1280px
Bitcoin price chart 06/29/2021 | TradingView

Bitcoin, on a 4H chart, has presented a good consolidation between $ 34,000 and $ 35,000, which may propel the bulls to break resistance at $ 35,500 and start a stronger move towards $ 37,600 and $ 41,000.

The bears were not able to capitalize on the break taken by the bulls at $ 35,000, to bring BTC to levels of $ 33,600. That would be the first goal they would have.


ANALYSIS ETHEREUM 29 06 2021 "width =" 1280 "height =" 612 "srcset =" -2021.jpg 1280w, 300w, https: // cryptocurrency .com / wp-content / uploads / 2021/06 / 1024w, 06 / 768w "sizes =" (max-width: 1280px) 100vw, 1280px
Ethereum price chart 06/29/2021 | TradingView

Ethereum, on the 4H chart, exhibited a fairly strong move, supported by news of coin burns, and seems firmly on track to break out of $ 2,200 and from there continue on its way to $ 2,300 / $ 2,500.

Bears have lost ground on the market's number one altcoin and They seem unable to bring it under $ 2,000 again.

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Analysis by analyst César Quintero for Cryptocurrency

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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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