Are Bitcoin, Ethereum Back In Bull Mode? These 2 Scenarios Decide, Says Trader
Portfolio Pulse from Khyathi Dalal
Crypto trader CrediBULL Crypto discussed potential scenarios for Bitcoin and Ethereum, suggesting ideal buy zones and possible price movements. Bitcoin and Ethereum have seen recent gains, but traders advise caution until certain price levels are reached.
July 16, 2024 | 7:37 pm
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CrediBULL Crypto suggests Bitcoin could find support above $50,000 but warns of potential liquidity grabs. Bitcoin needs to break above $73,000 to confirm a bullish trend.
The analysis indicates potential support levels and warns of liquidity grabs, suggesting a cautious approach until Bitcoin breaks above $73,000.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
CrediBULL Crypto identifies the ideal buy zone for Ethereum between $2200 and $2700, with a target of $5100. However, the lack of impulsive price action suggests caution.
The analysis provides a buy zone and target for Ethereum but advises caution due to the lack of impulsive price action.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100