bitcoinin and EthereumWe have stated in our previous analyzes that we have a rise expectation in .
After these analyzes, Bitcoin rose to $ 45,100 and Ethereum to $ 3193 today.
On the last trading day of the week, when Bitcoin was at a significant resistance level, the attack on Aramco Oil storage facilities in Saudi Arabia increased the price of oil and caused pullbacks in the US indices. Meanwhile, Bitcoin retreated to $44193 and received support from hourly ma20.
Aramco’s oil storage facility in Jeddah was attacked. After this attack, Brent Oil rose to $120.
In the same minutes, sales in the US stock markets increased. The Nasdaq 100 lost 1%.#Bitcoin 44450$
— Bitcoin System (@bitcoinsystem) March 25, 2022
Bitcoin and Ethereum Sharing From John Bollinger Has Arrived!
After Bitcoin was rejected at $45,000, a post came from John Bollinger, the inventor of Bollinger bands.
Stating that he has been constructive in crypto so far, the analyst stated that $45,000 in Bitcoin and $3200 in Ethereum is a key level, and now is the time to be careful.
According to Bollinger, it may be necessary to be careful until these levels are broken. At this point, the analyst stated that Ethereum may continue to diverge positively from Bitcoin, “Can ETH/BTC be the leader?” He also posed a question.
We Are In The Risk Zone In The Weekly
As we conveyed in our previous analyses, it may be time to mitigate the risks.
Currently, Bitcoin, which is trading just below the weekly ma20 and 50, is risky to enter the bull mode unless it can rise above these levels.
A move towards $46,000 over the weekend wouldn’t surprise us, given that there are only 2 days left until the weekly close.
Investors can assess their risk by following the weekly ma20 and 50.
*Not Investment Advice.