Bitcoin Bulls Back in Charge After Yesterday's CPI Report: New ATH Next?

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Market Analysis by Investing.com (Damian Nowiszewski) covering: BTC/USD, Bitcoin, ETH/USD. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com

Similarly, Ethereum may bulls now have their eye fixed on the $3300 level.If the bulls maintain their momentum and continue the upward movement, this could signal the end of the correction and a potential push towards the historical high, currently just below $74,000.It is relatively rare for markets to respond so positively when final readings align closely with market expectations.

However, Ethereum is in a slightly different position, as we have yet to see a clear technical signal indicating a change in the current trend, and it remains much further from its historical highs. There is an ongoing discussion about whether Ethereum will follow Bitcoin's path and see ETFs based on its spot price approved for trading. The first applications have already been filed, but signals from the SEC suggest a high probability of rejection.Search for the best stocks based on your expectations, taking into account hundreds of financial metrics.not to mention those we plan to add in the near future.The author does not own any of these shares.

 

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