Bitcoin and Ethereum in the eye of the storm?

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Gauteng Health Department introduces a devastating requirement at the eleventh hour:…New Web Hosting Pioneer Emerges, Offering Affordable Hosting Solutions Coupled with…The crypto market avoided sharp moves on Tuesday, showing low volatility over the 24 hours and remaining near $2.3 trillion. The Crypto Fear and Greed Index added 2 points to 67 by Wednesday.

The technical picture for Bitcoin is rather worrying, as we saw no rebound after the price drop on Friday and Saturday. On the contrary, the market seems to be getting used to current prices in anticipation of a halving. The pattern of cryptocurrency behaviour this week indicates that we are more likely to be in the eye of the storm, i.e. a temporary lull between violent gusts of wind. If this prediction is correct, Bitcoin could fall towards $52-55K, and Ethereum – to $2500.The crypto market is “halfway to bitcoin euphoria,” according to CryptoQuant.

 

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