Disclamer: the material is not a financial recommendation or a call to action. The presented analytics are private opinions of their authors. Cryptonicorn is not responsible for the investment decisions of readers.
On February 26, 2024, the bitcoin exchange rate was at moments below $51,000, according to TradingView. Ethereum, on the other hand, is holding above $3,000, according to the portal. The Cryptology team predicted the further movement of the price trends of these assets.
Bitcoin
What if we told you that this is not even close to the altcoin season and everything is just ahead?
On the chart, we are waiting for a test of our block followed by a likely decline to $46,000 and then to $37,000-36,000. There is nothing to add.
The week is neutral for bitcoin, closing above the last high, which means that there is either a pullback to the imbalance area of the last candle or a jump to $57,000. The latter scenario we regard as extremely negative for altcoins.
Here the price is squeezed in a narrow range, an exit on impulse or a monotonous plum is possible.
According to the dominance indicator, we expect an exceptional fall to the 50% zone.
Ethereum
The first target has been reached, the second and third targets are in place, we grow without a pullback or through a pullback to the $2714 zone, which would be organic.
If we hold the day above $3036, we have the desire to keep the price below $2868, but there is such compression assembled here that could quickly sweep the area and go higher.
