Bitcoin, Ethereum Technical Analysis: BTC Hits Highest Point Since September
It has been a wild year for Bitcoin (BTC) and Ethereum (ETH) holders. Both are up significantly in 2021 and have investors all around the globe taking notice. Today, however, we have news that is making all cryptocurrency hodlers stand a bit taller.
BTC Reaches New Yearly High
As of April 19th, 2021, Bitcoin has hit $63,000 USD, the highest point in over a year – and the third-highest of all time. This means that any Bitcoin holders who have held since the last big bump back in September of 2020 are at an all-time high, and many are feeling quite satisfied with the dramatic increase in value.
ETH Keeps Up with the Joneses
In the ever-competitive world of cryptocurrency, Ethereum is not far behind. The world’s second-largest cryptocurrency is up a significant 18% since the beginning of April, with its price sitting at $2,165 as of today. This puts ETH at its second highest point in its history.
Bullish for Both
The bullish rise of both BTC and ETH may be a source of humor for those who predicted the cryptocurrencies would never reach such a high value so soon, but for now it looks like the world of cryptocurrency is here to stay.
What’s Next?
It’s impossible to predict exactly where Bitcoin and Ethereum will be headed in the future, but considering the current trend, it’s safe to say that it looks like the world of cryptocurrency is just getting started.
Entering the Mainstream?
It’s likely that these two altcoins will continue to enter mainstream investing as more and more people recognize the potential upside of cryptocurrency investments. With the rise of institutional investors and corporate leaders such as Elon Musk, the future of crypto may be much brighter than most people expected.
Final Thoughts
In the end, it seems like BTC and ETH have entered a new era, and investors everywhere are now reaping the rewards of their early bets. Who knows what exciting things will happen next? We can only sit back and enjoy what looks to be a very exciting ride!
