Popular Crypto Trader Says Bitcoin (BTC) and Ethereum (ETH) Must Reach These Levels To Confirm Bullish Breakouts - BitcoinEthereumNews.com
Bitcoin क्रिप्टो EthereumPopular Crypto Trader Says Bitcoin (BTC) and Ethereum (ETH) Must Reach These Levels To Confirm Bullish Breakouts02 / 17 / 2022बिटकॉइन एथेरियम समाचार Crypto analyst Justin Benett is analyzing recent chart action for the top two crypto assets, naming the levels they must reach to confirm bullish breakouts. In the latest issue of his Cryptocademy newsletter, Benett says that as long as Bitcoin (BTC) can hold the $40,000 support level, then reaching $50,000 is possible for the leading crypto. Bitcoin looks healthy after bouncing from $42,000 support this week. That‘s a support area that stretches toward $40,000 that we’ve discussed for weeks. Buyers need to take out $46,000 on a daily closing basis to confirm the bullish breakout and open up the $50,000 region. Just keep in mind that the yearly open is $46,200, so thats going to play a critical role. I continue to like Bitcoin higher as long as its above the $40,000 region. Source: Justin Benett/Cryptocademy At time of writing, Bitcoin is down 3.35% to $41,956. Its the first time BTC has dipped below $42,000 since Sunday. Moving on to leading smart contract platform Ethereum (ETH), Benett provides a chart highlighting ETHs downward trend that dates back to November of last year. Ethereum is