Bitcoin and Ethereum Reach New Heights at Start of April – Star-Crossed Crypto Lovers Rejoice!
As April 1st begins, Bitcoin and Ethereum are back to their loving embrace, with Bitcoin now nearing the $29,000 mark and Ethereum rebounding from its correction to record levels above $2,000. Crypto lovers everywhere are rejoicing the successes of their star-crossed lovers, Bitcoin and Ethereum.
Bitcoin (BTC) Technical Analysis
Bitcoin (BTC) has continued its upward trajectory, having broken past yet another psychological barrier with ease. After strongly holding onto $2,800, Bitcoin surged all the way to $29,000 in no time, and it looks like it’s only the beginning.
The daily chart shows us that the bulls and the bears are locked in a tight tussle, with both sides claiming the short term gains. As the pressure between the bulls and the bears increase, Bitcoin may find itself pushed even higher in the coming days.
Ethereum (ETH) Technical Analysis
Ethereum (ETH) performed even better than Bitcoin, managing to overcome its correction and reaching its all-time high of $2,160 in the early hours of Thursday. This is a significant milestone for Ethereum, as it shows us that the investors’ trust in Ethereum has been restored.
The daily chart shows us that the trend for Ethereum is very bullish, with the price maintaining its strength above the $2,000 mark. We can see that the bulls are in control, with no significant resistance level yet to be seen.
All in all, April is sure to be an exciting month for Bitcoin and Ethereum holders, as both crypto currencies are showing tremendous strength. As we head into the coming weeks, it’ll be interesting to see just how far up the crypto lovers can go!
So, make sure you keep your eyes peeled on Bitcoin and Ethereum, as they may just reach new heights!
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