@Nebraskangooner
Sunday Crypto Market Overview 📊
A pretty eventful week for crypto, so here’s what I’m watching heading into the new week:
#Bitcoin
BTC had a strong recovery to end the week, bouncing from roughly $75K and pushing back above $80K. Friday alone saw nearly a 6% move higher.
Now comes the important part:
Can BTC actually turn $80K into support?
That’s the first thing I’m watching this week. We’re currently around $80K after trading as high as $81.9K this weekend.
Above here, $82K-$83K is the next area I want to see reclaimed. That would start opening the door for continuation rather than this simply being another rally back into resistance.
Lose $80K and I’d start watching the $78K area, followed by the ~$75K region that buyers just defended.
#Ethereum
ETH participated in the bounce.
It recovered back above $2,600 before pulling back toward $2,575 today. The $2,540-$2,550 area is worth watching underneath, while roughly $2,670-$2,700 remains an important area to reclaim above.