Bitcoin, Ethereum, and Crypto: What’s the Big Fuss All About?
It’s the strangest thing. All of a sudden it seems that everyone is talking about Bitcoin, Ethereum, and other cryptocurrencies. “It’s such a scam”, “you should invest now, it’s going skyrocket in the near future”, or “it’s going to crash any day now” – it seems like everyone has an opinion on cryptocurrencies.
What’s the Hype All About Now?
Well, recently Bitcoin has been hitting some all-time highs. It recently reached $27000, making it a fresh 9-month high. Ethereum has been doing pretty well too, with it climbing to around $690. It’s no wonder that people are talking about it – who wouldn’t want to get on this train and make some money?
What Does the Technical Analysis Say?
Let’s take a look at the technical analysis of Bitcoin and Ethereum to get an understanding of what’s going on.
Bitcoin
- It recently hit resistance at around $27000, which is the highest since last March.
- The indicators are showing that there may be a slight dip in the near future, but Bitcoin should recover quickly after.
- The long-term outlook is bullish and it looks like prices could continue to increase.
Ethereum
- It seems to be in a strong uptrend and has recently surged past $690.
- The indicators are suggesting that it is close to overbought territory, so it could see a pullback soon.
- The long-term outlook is bullish and it looks like prices could continue to increase.
What Should We Do with All This Buzz?
At the end of the day, it’s important to remember that cryptocurrencies are extremely volatile and that investing in them is a risky endeavor. It’s always wise to conduct your own research and to understand the risks before jumping in. If you do decide to invest, make sure to invest only what you’re comfortable with. Who knows, you might make some money!
And always remember – hodl tight!
