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Leading cryptocurrency Bitcoin (BTC) and leading altcoin Ethereum
Bitcoin has rebounded strongly from the $90,000 support level. This action indicates that investors are buying from the bottom. The BTC/USDT trading pair has currently reached the downward trend line. However, breaking this level may require a fierce struggle. If the price falls from this resistance level, the bear market may once again target $90,000. However, it is expected that the price will first rise to $102,724 after breaking through the resistance line, and then to $108,353. Breaking these levels may push Bitcoin to $126,706.
On January 13th, Ethereum successfully held below the neckline of the head and shoulders pattern, indicating that the bear market has lost control and the bull market has returned. ETH/USDT has now touched the 20-day EMA ($3,374). If buyers can break through this level, the price may rise to $3,566 and $3,745 respectively. However, the bear market needs to regain control of the price and pull it back below the neckline. If this happens, the price may fall to $2,850.
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BTC-0.71%
ETH0.2%
AIXBT3.8%
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