$BTC
Here's the current price analysis for Bitcoin (BTC) and Ethereum (ETH):
*Bitcoin (BTC) Price Analysis:*
- *Current Price*: $103,247.52
- *Market Cap*: $1.97 trillion
- *24-hour Price Change*: 1.69% increase
- *Open Price*: $101,529.06
- *High Price*: $104,361.30
- *Low Price*: $101,290.42
*Ethereum (ETH) Price Analysis:*
- *Current Price*: $2,335.55
- *Market Cap*: $232.82 billion
- *24-hour Price Change*: 10.26% increase
- *Open Price*: $2,118.27
- *High Price*: $2,490.77
- *Low Price*: $2,111.60
*Price Predictions:*
- Bitcoin is expected to potentially reach $105,000 before hitting its all-time high at $109,588, driven by strong bullish momentum.
- Ethereum could extend its rally to $2,427, its 200-day Exponential Moving Average, as it breaks above its descending trendline and resistance level at $1,861 ¹.
*Market Trends:*
- Both Bitcoin and Ethereum are showing bullish momentum, with Bitcoin reclaiming levels near $102,900 and Ethereum stabilizing around $2,200 after a 20% rally.
- The Relative Strength Index (RSI) for both cryptocurrencies indicates strong bullish momentum, but traders should be cautious of potential pullbacks due to overbought conditions ¹.