Bitcoin price targets $60,000 by Saturday
Bitcoin price has been streaming through its uptrend since price broke out of consolidation to form higher tops. After maintaining a noticeable uptrend over the past two days, bitcoin price is currently falling into a bearish trap. However, a dip below $57,000 can still be considered a good correction as the bounce is still in play.
The price is undoubtedly declining significantly, however it could rebound strongly at or before $58,268. These levels refer to local support levels, so every time the price visits, these levels tend to flip. Hence, following this pattern, the price may eventually go up to $60K very soon.
Ethereum price trembling
The majority of tokens are currently falling into a falling trap by eliminating a significant amount of their winnings. With Bitcoin dropping below $57,000, Ethereum price also followed the trend and fell below $3,500. However, the buyers are in a good position and are trying hard to prevent the Ethereum price from reaching the support levels at $3,373.
The asset has bounced below the 200-day moving average and is slowly approaching support levels. Price despite the narrow trend is still trending within a bullish story. With that said, the current fixation above these levels indicates a healthy bullish trend that awaits ahead. It might eventually raise those prices to nearly $4,000 very soon.
However, Bitcoin’s growing dominance is believed to pose a threat to the much-anticipated altseason. In fact, if the dominance grows beyond 48%, altcoins could fade in the red as Bitcoin price tends to go towards ATH. Therefore, once Bitcoin has stabilized or sideways trends, one can expect the price of altcoins like Ethereum (ETH) to rise.
