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July 6th Technical Analysis: Bitcoin & Ethereum

BTC/USD

Bitcoin (BTC) has fixed above $34,000, rising by 2% over the last day.

On the daily chart, Bitcoin (BTC) keeps trading above the support at $32,000 which means that bulls keep dominating the situation. If the situation remains the same, there are chances to test the liquidity zone at around $37,000 soon.

Bitcoin is trading at $34,229 at press time.

ETH/USD

Ethereum is more of a gainer than Bitcoin (BTC), going up by 4.40% since yesterday.

From the technical point of view, Ethereum (ETH) is coming back to the zone of $2,400 where the recent fall started from. The trading volume is low which means that traders are still accumulating their positions. In this case, the growth may continue to the next level at $2,555 until the end of the week.

Ethereum is trading at $2,318 at press time.

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