Bitcoin, Ethereum price prediction for this week says…

A move above $72k is a cause for celebration for Bitcoin bulls, but expect multiple tried before prices break past the $75k region.continued to trade within the short-term range. They have a bullish bias on the higher timeframe price charts, and whales werehighlighted that this accumulation could continue for some more time. Bitcoin has high amounts of liquidity close by, which could hinder attempts to break out in either direction.The Fibonacci retracement levels plotted for the rally from $50.

The market structure on the 12-hour chart was bullish. A BTC that falls below $60.7 would flip the market structure bearishly.The liquidation levels heatmap showed a significant concentration in the $74k-$74.8k zone. To the south, the $60k-$60.7k also has an intense number of liquidation levels.A move above $72k is a cause for celebration for Bitcoin bulls, but expect multiple tries before prices break past the $75k region.Ethereum also saw its momentum stall out over the past two weeks.

Source: Digital Coin News (digitalcoinnews.net)

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