Bitcoin and Ethereum price analysis: BTC tries to hold at 47k

Bitcoin: BTC/USDT

Worth motion, which keeps to proper after robust promoting drive, is attempting to carry directly to the 47088 support zone we precise. If we see a candle close below this zone, a pullback to 42966 will also be noticed. If it will get its response from the support zone and a new upward motion begins, the 52666 resistance zone need to be adopted. Selling power would possibly continue as long as there may be no candle close above this zone. we need to look a extent candle close above 59000 for the chart to start out its uptrend once more in the medium to long run.

Bitcoin chart: BTC/USDT

Ether: ETH/USDT

Value action rebounding fast after sturdy selling drive, our said 4500 It endured its decline through getting response from the resistance zone again. If the 3888 beef up zone, which has been examined 6 instances, is retested, response purchases would possibly come and rise might occur. A candle shut under this stage may cause a pullback to the 3676 make stronger zone. we’d like to peer a candle close above the 4500 area for it to enter the uptrend again within the medium-long run.