Total Quality
Score
117788
116000.0000000000
140782
BTCUSDT
1H
The analysis indicates that Bitcoin has reached new all-time highs and is currently trading at a critical resistance level. A bullish scenario suggests a breakout above this resistance, targeting further upward movement. However, caution is advised, as failure to break through could lead to a downward correction, similar to previous tops. The analysis favors a bullish outlook for Bitcoin, anticipating a continuation of the upward trend. Specific reference is made to BlackRock, Fidelity and Ark investing over a billion dollars worth of Bitcoin. For Ethereum, a conservative target is placed at $3960, while more bullish projections estimate $6000. Ethereum also is trading around critical resistance, needing to break above to continue upwards. Technical analysis is based on trend lines and Bollinger band width.
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