Key Takeaways
- Bitcoin is attempting to reclaim the 50-week moving average as a support level.
- Ethereum has broken out of a consolidation pattern.
- Further buying pressure for the top two crypto assets could push Bitcoin to $49,000 and Ethereum to $3,850.
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Bitcoin and Ethereum are trending upwards as on-chain data shows rising interest in the spot and futures markets.
Bitcoin Has One Obstacle to Overcome
Bitcoin and Ethereum are breaking out.
The number one crypto…
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