1- Macro to Crypto 2 - Stablecoins 3- Bitcoin and Ethereum <- 4- Derivatives and ETFs 💵💰 Stablecoins (USDT+USDC+DAI) ** Bitcoin with a Astonishingly Green Weekly, Monthly, and Quarterly Candle Closes**
It's the first time that BTC closes above $69,000 on a weekly, monthly, and quarterly basis. From a technical analysis standpoint, this is a great indicator of an upward trend. Currently, the weekly has retraced the entire weekly candle, oscillating around $66,000, with a target at the weekly triangle at $61,156. Technical analysis maintains support levels at $65,000, $58,200, $54,800, and $52,700. The upper targets remain at $75,000, $79,000, $84,368, and $90,000.
Once again, Ethereum against BTC (priced in Bitcoin) is at June 2022 prices. Ethereum, which suffered from the ETF rejection, remains undervalued compared to the leading cryptocurrency, providing another opportunity to accumulate Bitcoins by acquiring Ethereum. Graphically, we have upper targets at 0.053 and 0.05673 Bitcoin, followed by the resistance of the annual trend (gray line) up to 0.06924 and 0.085 BTC per Ethereum.
Ethereum/BTC Chart Show Less
